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Carnival Cruise Lines set to report earnings ahead of Friday's opening

Yahoo Finance Video

Cruise company Carnival Cruise Lines will report its third-quarter earnings on Friday morning.

Video Transcript

RACHELLE AKUFFO: Well, my stock to watch for tomorrow is Carnival Corporation. Now the cruise line reporting earnings ahead of the opening bell and expected to report a loss of $0.18 per share on revenue of $4.91 billion. You see there under pressure today, down more than 6.8% there. Now the broader industry is still trying to recover from the COVID pandemic. And investors will be keeping a close eye on occupancy levels. The stock is also down nearly 60% so far this year, but the declines are in line with its peers. So a tough day for Carnival. Keeping an eye on that one for you.