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<Results> Carnival Cruise Line (CCL.US) Exceeds Earnings Expectations Last Quarter, Booking Volume Hits Record High
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Carnival Cruise Line (CCL.US) exceeded earnings expectations in the first quarter, with revenue and booking volume reaching record highs. However, the stock fell more than 2% on Friday, following the broader market trend. The company reported an adjusted EPS of USD0.2, surpassing analysts' expectations of USD0.18. Revenue reached USD6.2 billion, setting a new first-quarter record for the company, driven primarily by strong temporary demand, and exceeding Wall Street's target of USD6.13 billion. The company stated that booking volume for 2026 has increased by double digits. The company lowered its full-year earnings guidance, now expecting an EPS of USD2.21, down from the December forecast of USD2.48. It anticipates an adjusted EBITDA of USD7.2 billion, below the previous expectation of USD7.6 billion. Carnival added that improvements in net yield and non-fuel costs will partially offset the impact of recent fuel price changes, which exceeded USD500 million. AASTOCKS Financial News Website: www.aastocks.com Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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