Carnival (NYSE:CCL) Falls Even After Hitting Record Quarter, Guidance Leaves Investors Cold
Carnival Corporation Ltd. dropped 5.5% to $28.54 late Tuesday morning, giving back some gains after a streak of strong trading. The cruise stock opened at $27.50, hit a low of $27.02. More than 22 million shares changed hands. Investors shrugged off record quarterly numbers and focused on a weaker profit forecast.