5 Stocks Garnering Attention After Releasing Their Earnings Reports

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In this article, we discuss the 5 stocks garnering attention after releasing their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Garnering Attention After Releasing Their Earnings Reports.  

5. Carnival Corporation & plc (NYSE:CCL)

Number of Hedge Fund Holders: 33

Shares of Carnival Corporation & plc (NYSE:CCL) turned red on Tuesday, March 22, 2022, following its disappointing financial performance for its fiscal first quarter and a weak outlook for the current quarter.

Carnival Corporation & plc (NYSE:CCL) reported a loss of $1.66 per share, wider than analysts’ average estimate for a loss of $1.26 per share. Revenue for the quarter came in at $1.62 billion, missing expectations of $2.30 billion.

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Looking forward, Carnival Corporation & plc (NYSE:CCL) projected a loss for its fiscal second quarter, citing rising fuel costs amid the Russia-Ukraine war. Industry experts also believe that increasing fuel prices will weigh on the company’s operating performance in the near term despite improvement in booking trends.

Nevertheless, the Miami-based cruise operator expects to turn a profit in its fiscal third quarter.

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