Carnival shares surge as cruise operator raises annual profit forecast
BUZZ-Carnival shares surge as cruise operator raises annual profit forecast Updates
** Shares of cruise operator Carnival CCL.N jump as much 13.64% to $25.16 in morning trading
** If gains hold, stock on track for best day since April 2025
** Raises annual profit forecast after beating third-quarter estimates, driven by affluent consumers' appetite for travel and leisure experiences
** Expects full-year adjusted EPS to be $2.24, compared with prior forecast of about $2.22
** Posts third-quarter revenue of $8.44 billion, compared with analysts' expectations of $8.30 billion - data compiled by LSEG
** Reports quarterly adjusted profit of $1.43 per share, beating estimates of $1.36
** "Fuel remains a manageable headwind, albeit larger vs. peers," analysts at Jefferies say
** Shares of peer Norwegian Cruise Line NCLH.N rise ~5% and Royal Caribbean Cruises RCL.N climb ~6%
** Up to last close, CCL down 27.50% YTD
(Reporting by Shania S Thomas in Bengaluru)