Carnival Corp falls after forecasting Q3 profit below estimates
BUZZ-Carnival Corp falls after forecasting Q3 profit below estimates Updates
** Shares of cruise operator Carnival Corp CCL.N down ~6% at $28.57
** Co forecast third-quarter profit below estimates, as lingering impact from higher fuel prices remains a drag on the cruise operator's margins amid geopolitical tensions
** Expects Q3 adjusted EPS to be about $1.35, compared with analysts' estimates of $1.42 - data compiled by LSEG
** Co beats Q2 profit estimates and says it was "overcoming extreme geopolitical headwinds and nearly 30% higher fuel costs" in the quarter
** Jefferies says CCL's result should be a modest negative for shares
** As of last close, CCL down 6.6% YTD
(Reporting by Koyena Das and Sudeshna Ghoshal from Bengaluru)
((Koyena.das@thomsonreuters.com Sudeshna.ghoshal@thomsonreuters.com))