From Financial Modeling Prep: 2024-09-30 12:31:00

Carnival Corporation (NYSE:CCL) exceeded third-quarter expectations, reporting adjusted earnings per share of $1.27 and record revenue of $7.89 billion. Despite the strong results, shares dropped over 6% due to investor expectations. Net income surged 60% to $1.7 billion, with operating income hitting a record $2.2 billion.

The cruise line operator raised its full-year adjusted EBITDA forecast to around $6.0 billion, a more than 40% increase from 2023. Carnival highlighted strong booking momentum for 2025, with record advance bookings and higher ticket prices. CEO Josh Weinstein noted the company is capitalizing on strong demand.



Read more at Financial Modeling Prep:: Carnival Corporation Reports Record Q3 Results, Ra…