Carnival Corp. Downgrades Earnings Guidance as Diamond Princess Remains Quarantined

Carnival Corp. issued updated earnings guidance on Wednesday, speculating on the impact of suspending its cruise operations in Asia until the end of April due to the coronavirus, or Covid-19. It said such measures would affect its 2020 financial performance by $0.55 to $0.65 per share, an estimate which includes what it would have to pay in guest compensation. The company added: "The impact on global bookings will further affect the company's financial performance. The company is currently evaluating contingency plans to mitigate the impact and will provide an update with its first quarter 2020 earnings release in late March." Meanwhile, the compan