Carnival (CCL) Q3 Outlook Misses Estimates, Shares Fall 6%

AI Summary

Carnival Corp (CCL) shares declined nearly 6% after issuing a Q3 profit outlook below Wall Street expectations despite reporting Q2 adjusted earnings of $0.41 per share, surpassing estimates of $0.33. Revenue hit a record $6.7 billion, slightly above the $6.68 billion forecast. The company expects adjusted earnings of $1.35 per share for Q3, below the $1.42 anticipated by analysts, and full-year 2026 adjusted earnings of $2.22, also below the consensus of $2.23. Customer deposits reached an all-time high of $9 billion, indicating strong future demand despite geopolitical challenges.