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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

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