Key Takeaways
- Carnival Corporation reported an unexpected second-quarter profit as passengers spent more for cruises.
- The company said results were boosted by higher prices for tickets, increased onboard spending, and the timing of expenses.
- Carnival noted that demand remained strong, and raised its full-year guidance.
Carnival Corporation (CCL) shares sailed higher in intraday trading Tuesday when the cruise operator pꦫosted a surprising quarterly profit and boosted its guidance as customers sp💜ent more to sail.
The company reported second-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.11, while analysts surveyed by Visible Alpha expected a per-share loss of $0.02. Revenue was up 17.7% to $5.78 billion, also above estimates.
Revenue, along with 澳洲幸运5官方开奖结果体彩网:operating income of $560 million, adjusted earnings before interest, taxes, 🦄depreciation, ༒and amortization (EBITDA) of $1.2 billion, and booking levels all set♏ second-quarter records. Total customer deposits of $8.3 bilꦏlion were an all-time high.
Carnival said the results were driven by higher ticket prices, increased onboard spe🍸nding by passengers, and the timing of expenses between quarters.
Carnival Sees 'Continued Acceleration of Demand'
澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Josh Wein🍎stein added that the com𝐆pany sees “continued acceleration of demand for 2025 and beyond.” Carnival now anticipates full-year adjusted EBITDA of $5.83 billion, up about $200 million from the previous outlook.
Carnival stock surged nearly 8% to $17.68 as of 11:36 a.m. ET Tuesday, lifting shares of other cruise companies, including Norwegian Cruise Line (NCLH) and Royal Caribbean Group (RCL). However, even with today’s advance, Carnival shares are down nearly 5% year-to-date.