Carnival Corporation (CCL) reported second-quarter adjusted earnings of $0.41 per share. This result exceeded the $0.34 per share expected by analysts. Revenue reached $6.6 billion, falling slightly short of market forecasts. The company reported record-high customer deposits during the period.
Management lowered the full-year net yield growth forecast. Geopolitical disruptions in Europe and the Mediterranean drove the cautious outlook. Carnival projects third-quarter earnings of $1.35 per share. This guidance sits below the consensus estimate of $1.42 per share.
The stock rose in pre-market trading on June 25 despite an initial drop. Booking levels for 2027 reached record highs, indicating strong underlying demand. Wall Street analysts maintained Buy or Overweight ratings while adjusting price targets.