Carnival shares climbed nearly 7% after the cruise line reported stronger-than-expected second-quarter results and raised its full-year guidance. The company posted adjusted earnings of 35 cents per share, significantly beating analysts' estimates of 24 cents.
Adjusted revenue reached a record $6.3 billion, surpassing the expected $6.2 billion. Net income for the quarter rose to $565 million, a substantial increase from $92 million in the same period a year ago, demonstrating robust financial recovery and growth.
Due to this outperformance, Carnival raised its full-year guidance, now expecting adjusted net income to be 40% higher than 2024, an increase of approximately $200 million from its March forecast. Full-year adjusted EBITDA is also projected to be $6.9 billion, up from a prior estimate of $6.7 billion.
CEO Josh Weinstein noted strong momentum across all of the company's brands and highlighted that the opening of Celebration Key in the Bahamas is less than a month away, scheduled for July 19. This new island destination is expected to further boost demand and revenue.
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