Slower Yield Growth Drags on Carnival’s 2019 Outlook; Shares Attractive
More tepid than expected price growth in 2019 weighed on Carnival's share performance post-fourth-quarter profit results, with 2019 constant currency yield growth forecast for just 1%, a significant slowdown from the 4% the company was able to capture in 2018, but also a tick down from the implied first-half guidance the company's commentary offered last quarter (lower than the 1.5%-2.5% originally forecast for the fourth quarter). While technically 1% constant currency growth is lower than 1.5%...
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