Carnival shares gain after annual earnings forecast raise, upbeat quarterly results
Shares of cruise operator Carnival Corp CCL.N rise as much as 10.3% to $26.51 in early trade
Forecasts fiscal 2025 adjusted EPS of about $1.97, compared to prior expectations of $1.83
Q2 revenue of $6.33 billion vs. analysts' estimates of $6.21 billion and adjusted EPS of 35 cents vs. estimates of 24 cents - data compiled by LSEG.
Shares of peers Norwegian Cruise Line Holdings NCLH.N and Royal Caribbean RCL.N up 6.1% and 3.8%, respectively; also helped by falling oil prices after Israel-Iran ceasefire
CCL stock has fallen 3.5% so far this year, as of last close
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