(Boursier.com) — carnival , the cruise giant, jumped 12.4% on Wall Street on Friday to end at $10.85, in reaction to the publication of preliminary accounts for the second fiscal quarter. The operator posted a positive level of cash flow from operations over the period, but its revenues missed the consensus. The group still evokes a growth of nearly 50% in sequential activity, compared to the first fiscal quarter.
The FactSet consensus of $2.76 billion showed a 70% expansion. The occupancy rate in the second quarter improved for its part to 69%, against 54% in the previous quarter. GAAP net loss was $1.8 billion, while adjusted loss was $1.9 billion. The group ended the quarter with a cash level of $7.5 billion. Reservation volumes in the quarter nearly doubled sequentially. The group evokes the best level of reservations since the start of the pandemic.
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