Carnival Corporation Raises Annual Earnings Forecast on Strong Demand

Carnival Corporation raised its annual adjusted earnings forecast to approximately $2.24 per share, an increase from its previous estimate of $2.22. The company reported quarterly revenue of $8.44 billion, surpassing the $8.30 billion expected by analysts.

Growth was driven by strong demand from affluent travelers. To manage increased investments and elevated fuel costs, the company raised ticket prices and expanded the sale of pre-cruise perks.

CEO Josh Weinstein attributed the performance to booking volumes that meaningfully outpaced both capacity growth and the previous year's results. He noted that the company's cruise lines maintained enduring appeal despite geopolitical uncertainty in the Middle East.