Trump banned US cruise ships from traveling to Cuba, and Carnival is feeling the pain (CCL)

• The Trump administration’s ban on cruise-ship travel to Cuba 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.
• In a note to investors, JPMorgan said it believed Carnival shareholders had expected the impact of the Cuba travel ban to be too small to have a negative impact on earnings guidance.
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The Trump administration’s ban on cruise-ship travel to Cuba has made Carnival Corp more pessimistic about its financial performance this year.

Carnival cut its read more >>>

Source : BusinessInsider.Com