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Carnival shares drop 6% as Q3 profit outlook misses estimates despite record Q2 results.

Company Fundamentals
23 Jun 2026
Proactive Investors
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Bearish
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Carnival Corp reported better-than-expected Q2 earnings with adjusted EPS of $0.41 and record revenue of $6.7 billion, but shares fell nearly 6% after the company issued a Q3 profit forecast below analyst expectations. The cruise operator faces challenges from geopolitical tensions and higher fuel costs, impacting Mediterranean bookings and prompting a focus on pricing over occupancy. Despite this, Carnival is 93% booked for 2026 with strong demand for 2027, and expects net yields and cruise costs to rise moderately. The outlook reflects ongoing elevated logistics costs linked to Middle East disruptions.

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