- Miami-based cruise operator Carnival lifted its FY adjusted earnings forecast to $2.24 per share, up from roughly $2.22 issued in June and above analyst estimates, as demand for future sailings reached the highest level ever during the quarter.
- European demand for future sailings drove the upgrade, with Carnival highlighting the region as a key factor behind record bookings.
- Carnival shares rallied on the raised outlook, signaling positive market reception to the demand and earnings signal.
Quotes
“The Miami-based cruise operator now sees full-year earnings of $2.24 per share, adjusted for some items, according to a statement.”