Cruise operator Carnival falls after forecasting Q2 adjusted EPS below estimate
RefinitivLess than 1 min read
** Shares of cruise operator Carnival Corp CCL down 3.5% at $20.45 in early trading
** Company forecasts Q2 adjusted EPS of 22 cents, below analysts' estimate of 23 cents, according to data compiled by LSEG
** Not completely immune from heightened macroeconomic and geopolitical volatility, says CEO Josh Weinstein
** Still, company raises annual EPS forecast to about $1.83 from ~$1.70, citing strong demand for its cruises as well as higher ticket prices
** Also tops Q1 estimates for revenue and adjusted EPS
** Shares of Norwegian Cruise Line Holdings NCLH, Royal Caribbean
RCL and Viking Holdings VIK down about 3% each
** CCL stock rose 34% in 2024