Shares of US cruise tourist company Carnival (CCL.US) gains almost 9% today as the company reported adjusted earnings of $0.11 per share vs $0.31 last year and record, historic sales in Q2. Revenue growth slowed for the 8 quarter in a row, but increased 17.7% YoY to $5.78 billion. Carnival noted that sales were a record for the second quarter. Analysts expected $0.01 loss per share and slightly lower than reported, $5.68 billion sales. Also, lower operational costs and lower oil prices helped the company come back to profit.
The company indicated that is seeing strong business momentum now, with record sailings for the next year, which is higher than in 2024 in occupancy and prices. The company decided to lift 2024 adjusted net income to $1.55 billion by almost $275 billion. Analysts expected $1.37 billion. Carnival Q3 adjusted net income will increase by 35%, according to company commentary, to $1.58 billion, vs $1.54 billion expectations.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appCarnival (CCL.US, D1 interval)
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
