Carnival Cruise shares surge 13.34% on the day.
neutral 50 · impact 40
Carnival Corp reported Q3 adjusted net income of $2.0B and adjusted EPS of $1.43, in line with prior year despite $131M in fuel and currency headwinds. Adjusted EBITDA of $3.0B beat June guidance by $110M. The company raised full-year adjusted net income guidance by more than $150M, and customer deposits reached a Q3 record of $7.6B.
Jefferies cuts Carnival estimates ahead of F3Q results, citing a 33% rise in Brent since June and unhedged fuel exposure. Analysts see higher Brent persisting into 1H27.
bearish 30 · impact 40