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Carnival Feels Pinch Of Trump's Cuba Ban

Video Credit: Wochit - Duration: 00:33s - Published < > Embed
Carnival Feels Pinch Of Trump's Cuba Ban

Carnival Feels Pinch Of Trump's Cuba Ban

In 2019, the Trump administration issued a ban on cruise-ship travel to Cuba.

That has made Carnival Corp more pessimistic about its financial performance this year.

The company projected the Cuba travel ban would slash $0.04 to $0.06 from its share price this year.

JPMorgan told investors Carnival shareholders expected the impact of the Cuba travel ban to be too small to negatively effect earnings guidance.

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