BUZZ - Carnival Corporation shares soar as the cruise operator raises its annual profit forecast

Latest Updates

September 29 - ** Cruise operator Carnival Corporation (CCL.N) shares rose as much as 13.64% in early trading to $25.16

** If the rally holds, the stock is set for its best single-day performance since April 2025

** Driven by strong demand from affluent consumers for travel and leisure experiences, the company’s third-quarter results exceeded expectations, (link) and it raised its annual profit forecast

** Full-year adjusted earnings per share expected at $2.24, previously forecast around $2.22

** Third-quarter revenue reached $8.44 billion, above analysts’ estimates of $8.30 billion—data compiled by LSEG

** Quarterly adjusted earnings per share were $1.43, higher than the $1.36 expected

** Jefferies analysts commented: “Fuel costs remain a manageable headwind, though more significant compared to peers”

** Peer Norwegian Cruise Line (NCLH.N) shares rose about 5%, Royal Caribbean Cruises (RCL.N) shares rose about 6%

** As of the previous session close, CCL shares have fallen 27.50% year-to-date

(To facilitate non-English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the translated text, which is provided solely for the convenience of readers. Reuters accepts no responsibility for any damages or losses resulting from the use of automated translation.)