Your guess is as good as mine. The last couple (maybe 2 of 3) pps dropped after beating estimates. Theory is, the earnings were already built into the share price. The cruise industry has been 'interesting' lately regarding quarterly announcements. A normal exceeding estimate would be a positive pps increase. You can let me know next Monday evening. IMO - it also depends on the normal market direction of the day. GLTY.
OMG !!! Good thing CCL beat their earnings estimate today. I cannot imagine what might have happened to the pps if CCL missed the earnings estimate. I never expected today's price actions.
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