• Trump banned US cruise ships from traveling to Cuba, and Carnival is feeling the pain

    27 days ago - By Business Insider

    The Trump administration's ban on cruise-ship travel to Cuba has made Carnival Corp more pessimistic about its financial performance this year.
    The company projected the Cuba travel ban would slash $0.04 to $0.06 from its share price this year.
    In a note to investors, JPMorgan said it believed Carnival shareholders had expected the impact of the Cuba travel ban to be too small to have a negative impact on earnings guidance.
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    The Trump administration's ban on cruise-ship travel to Cuba has made Carnival Corp more pessimistic about its...
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  • Carnival tanks after slashing its full-year profit forecast for the 2nd time in 3 months

    Carnival tanks after slashing its full-year profit forecast for the 2nd time in 3 months

    27 days ago - By Business Insider

    Carnival Plc shares fell after the company lowered its full-year earnings outlook Thursday.
    The company also reported lower bookings and issues with itineraries on ships.
    This is the second time in six months the company has lowered its full-year earnings outlook.
    Watch Carnival trade live on Markets Insider.
    Sailing the open seas is looking less appealing for both travelers and investors.
    Shares of Carnival Plc sank as much as 10%, the most in more than three months, after the company slashed its full-year profit forecast during its second quarter-earnings release Thursday. This is the...
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