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Better Buy in 2023: Carnival vs. Royal Caribbean Stock

Micah Angel, The Motley Fool
Updated ·4-min read
Better Buy in 2023: Carnival vs. Royal Caribbean Stock

Carnival Corporation (NYSE: CCL)(NYSE: CUK) reported better-than-expected earnings for Q1, and also enjoyed its highest quarterly booking volumes ever during the period. Delivering $4.4 billion in revenue last quarter, Carnival beat company expectations and exceeded 2022's fourth-quarter revenue by 173%. As CEO Josh Weinstein explained during Carnival's first-quarter earnings call, with capacity now 4.5% above 2019 levels, occupancy in the current quarter is expected to approach (but not quite reach) 2019 levels.

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