RE: SP Rising1 Oct 2024 17:35
TOPO
The reason for the drop following results is the forward forecast which I didn't realise.
They are projecting a lower EPS for Q4 than the analysts project, and although Carnival are always conservative, this has caused the price to drop following the awesome result beats on every line, as the logic, rightly/wrongly is that they aren't going to be making as much money in future with the Carnival projections.
Unfortunately they are never Bullish on their forward projections, and we just have to wait and see.