Carnival shares surge as cruise operator raises annual profit forecast
CCL•Carnival raised its full-year adjusted EPS forecast to $2.24 from about $2.22 after third-quarter adjusted earnings of $1.43 per share beat estimates of $1.36. Revenue was $8.44 billion, above analysts’ expectations of $8.30 billion.
1. Forecast raised after earnings beat
Carnival raised its full-year adjusted EPS forecast to $2.24, compared with its prior forecast of about $2.22, after reporting third-quarter adjusted earnings of $1.43 per share and revenue of $8.44 billion. Analysts had expected adjusted earnings of $1.36 per share and revenue of $8.30 billion; the company cited affluent consumers’ appetite for travel and leisure experiences.
