Carnival (CCL) Stock Plummets After Disappointing Earnings
b'Carnival (CCL) stock price today is down over 21% after a disappointing earnings report that indicated -$0.58 in EPS and $4.3B in revenue. "Rising interest rates will be a headache because of the heavy levels of debt the cruise company took on just to stay afloat through their pandemic shutdowns. Fiscal 2022 could be plagued by the redemption of future cruise credits," says Lee Bohl. "Ticket prices and costs are affecting Carnival (CCL). However, they are remaining more positive on 2023 results," says David Katz.'