BUZZ-Cruise operator Carnival falls after forecasting Q2 adjusted EPS below estimate

Reuters
21 Mar
BUZZ-Cruise operator Carnival falls after forecasting Q2 adjusted EPS below estimate

** Shares of cruise operator Carnival Corp CCL.N down 3.5% at $20.45 in early trading

** Company forecasts Q2 adjusted EPS of 22 cents, below analysts' estimate of 23 cents, according to data compiled by LSEG

** Not completely immune from heightened macroeconomic and geopolitical volatility, says CEO Josh Weinstein

** Still, company raises annual EPS forecast to about $1.83 from ~$1.70, citing strong demand for its cruises as well as higher ticket prices

** Also tops Q1 estimates for revenue and adjusted EPS

** Shares of Norwegian Cruise Line Holdings NCLH.N, Royal Caribbean RCL.N and Viking Holdings VIK.N down about 3% each

** CCL stock rose 34% in 2024

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com))

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