Carnival falls as annual profit forecast cut

Shares of cruise operator Carnival Corp CCL.N down about 3% at $24.71

Cuts its annual profit forecast as higher fuel costs pressure margins amid rising geopolitical tensions

Expects annual adjusted EPS to be about $2.21 vs previous expectation of up to $2.48

Says guidance is based on fuel purchased in March and early April, with Brent crude assumed to average $90 a barrel for the rest of April and May, $85 in the third quarter and $80 in the fourth quarter, rather than spot prices

Announces a $2.5 billion share buyback

Stock had gained 22.6% in 2025