Carnival Corp gains after forecasting annual profit above estimate

Shares of cruise operator Carnival CCL.N up about 10% at $31.05

Company expects strong annual profit after beating quarterly earnings estimates, banking on higher ticket prices and resilient demand from affluent consumers engaging in travel and recreational experience

Expects annual adjusted EPS to be at $2.48 vs analysts' estimate of $2.43 - data compiled by LSEG

Reports Q4 adjusted profit of 34 cents per share, above estimate of 25 cents

Also reinstates its dividend payouts after suspending them following the impact from the pandemic

Shares of peers such as Norwegian Cruise Line NCLH.N up about 6%, Viking Holdings VIK.N up about 4%, Royal Caribbean RCL.N up about 4%

Up to last close, CCL up ~14% YTD