Shares of Carnival (CCL, CUK) fall 6.8% following the company's guidance cut and a dispiriting...

|About: Carnival Corporation (CCL)|By:, SA News Editor

Shares of Carnival (CCL, CUK) fall 6.8% following the company's guidance cut and a dispiriting wave of analyst downgrades. Though execs with the cruise line operator gave a spirited pitch for a turnaround during the Q1 earnings call (transcript), increased promotional activity continues to take a heavy toll on the company's sales and profits.