NEW YORK (TheStreet) -- Shares of Carnival Corp (CCL) were up 1.61% to $49.71 on heavy volume in late afternoon trading Monday, a day ahead of the cruise vacation company's second quarter earnings release, before the market opens Tuesday.
For the quarter, the company is expected to earn 16 cents per share on revenue of $3.563 billion, according to analysts surveyed by Thomson Reuters.
In the same period a year ago, Carnival posted a profit of 10 cents per share on sales of $3.63 billion.
About 4.81 million shares have changed hands as of 3:20 p.m. ET today, compared to its average trading volume of about 2.91 million shares a day.
Miami-based Carnival is a cruise vacation company with three cruise segments.
The company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn.
Separately, TheStreet Ratings team rates CARNIVAL CORP/PLC (USA) as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CARNIVAL CORP/PLC (USA) (CCL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins."