Cruise operator Carnival falls after forecasting Q2 adjusted EPS below estimate

Shares of cruise operator Carnival Corp CCL.N down 3.5% at $20.45 in early trading

Company forecasts Q2 adjusted EPS of 22 cents, below analysts' estimate of 23 cents, according to data compiled by LSEG

Not completely immune from heightened macroeconomic and geopolitical volatility, says CEO Josh Weinstein

Still, company raises annual EPS forecast to about $1.83 from ~$1.70, citing strong demand for its cruises as well as higher ticket prices

Also tops Q1 estimates for revenue and adjusted EPS

Shares of Norwegian Cruise Line Holdings NCLH.N, Royal Caribbean RCL.N and Viking Holdings VIK.N down about 3% each

CCL stock rose 34% in 2024