Carnival Raises Outlook as Results Beat Expectations
Carnival Corp. CCL 10.19%increase; green up pointing triangle raised its outlook for the year as it logged higher-than-expected profit and revenue in its fiscal second quarter, boosted by strong demand and consumer spending.
The Miami-based cruise line on Tuesday said it now expects full-year adjusted net income of $2.69 billion, or $1.97 a share, up from a prior outlook of $2.49 billion, or $1.83 a share. Analysts polled by FactSet expect adjusted net income of $2.58 billion, or $1.88 a share.
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