Carnival exceeds expectations with strong growth, surpasses financial targets, and CEO is optimistic

From Yahoo Finance: 2025-06-24 10:48:00

Carnival Corp. (NYSE: CCL) exceeded Wall Street expectations with strong quarterly growth, sending shares up 9%. Earnings per share of $0.35 and revenue of $6.3 billion surpassed estimates, while the company ended the quarter with a record $8.5 billion in customer deposits.

Carnival surpassed its 2026 financial targets ahead of schedule, with a return on invested capital of 12.5%, the highest in nearly two decades. The company forecasts full-year net yields 5% above 2024 levels and expects adjusted EBITDA to be 10% better than last year. CEO Josh Weinstein is optimistic about future quarters.

Despite economic uncertainty, Carnival remains confident in its strategy for growth. Management sees no major concerns on the horizon, suggesting potential for the stock to continue its upward trajectory. Consider the Motley Fool’s top 10 stock picks for potential high returns, excluding Carnival Corp. Join Stock Advisor for more insights.

Read more: Why Carnival Investors Are Celebrating Today