Earnings

Carnival says coronavirus could hurt 2020 EPS by as much as 65 cents a share

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Carnival said Wednesday that the deadly coronavirus could dent earnings this year by as much as 65 cents per share if the cruise line is forced to suspend its operations in Asia.

“While not currently planned, if the company had to suspend all of its operations in Asia through the end of April, this would impact its fiscal 2020 financial performance by $0.55 to $0.65 per share, which includes guest compensation,” the company said in a statement.

Carnival shares rose 2.% on Wednesday despite the disclosure as investors have been anticipating a material impact to earnings because of the virus. The shares are down 13% this year.

Cruise lines and other travel stocks have been hit hard this year…



Source cnbc.com

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