Hot Stock That Must Be in Your Portfolio: Carnival plc (NYSE: CUK)

On Tuesday, Shares of Carnival plc (NYSE: CUK) showed the bullish trend with a higher momentum of 0.07% and ended its trading session at $53.67. The company traded total volume of 280,701 shares as contrast to its average volume of 267.14K shares. The company has a market value of $38.58B and about 718.75M shares outstanding.

Carnival Corporation & plc (NYSE: CUK) declared U.S. GAAP net income of $1.70B, or $2.41 diluted EPS, for the third quarter of 2018, higher than U.S. GAAP net income for the third quarter of 2017 of $1.30B, or $1.83 diluted EPS. Third quarter 2018 adjusted net income of $1.70B, or $2.36 adjusted EPS, was higher than adjusted net income of $1.70B, or $2.29adjusted EPS, for the third quarter of 2017. Adjusted net income excludes unrealized gains and losses on fuel derivatives and other net charges, totaling $34.0M in net gains for the third quarter of 2018 and unrealized gains on fuel derivatives of $65.0M and impairments and other net charges of $395.0M for the third quarter of 2017. Revenues for the third quarter of 2018 were $5.80B, higher than the $5.50B in the prior year.

The Company offered net profit margin of 17.20% while its gross profit margin was 53.10%. ROE was recorded as 13.20% while beta factor was 0.95. The stock, as of recent close, has shown the weekly downbeat performance of -5.28% which was maintained at -19.03% in this year.

Penny Cook

Penny Cook is passionate about business and finance news with over 5 years in the industry starting as a writer working her way up into senior positions. She is the driving force behind with a vision to broaden the company’s readership throughout 2016. Cook is an editor and reporter of “Services” Category.