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Carnival shares gain after annual earnings forecast raise, upbeat quarterly results

ReutersJun 24, 2025 1:45 PM
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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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