Carnival's Lackluster Outlook Raises Concerns for 2019
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Carnival Corp. had a rough day on Wall Street after its forecast for 2019 disappointed. Executives at the world's largest cruise company are hoping to far surpass the low expectations they laid out Thursday.
Carnival Corp. CEO Arnold Donald devoted the first several minutes of his company's fourth-quarter earnings call to the achievement of a goal set five years ago.
But it's the future that really has investors worried, sending shares down more than 9 percent by Thursday afternoon. The world's largest cruise company said its yields — a measure of how much passengers spend per day — were expected to be flat compared to the prior year in the first quarter of 2019.
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