Carnival up after raising annual profit view on higher prices, steady demand
25/06/2024 15:11
** Shares of cruise operator Carnival Corp CCL.N up ~5% at
$17.21 in early trading
** Co raises annual profit forecast for the second time this
year owing to higher prices for its itineraries and sustained
demand
** Expects annual adj. profit per share of about $1.18 vs
prior forecast of 98 cents per share
** Also expects, Q3 adj. profit of $1.15 per share vs LSEG
estimates of $1.10 per share
** The company continues to experience strong booking
momentum driven by record booking volumes for 2025 sailings -
Carnival CEO Josh Weinstein
** Shares of peers Norwegian Cruise Line Holdings NCLH.N
up ~4%, while Royal Caribbean Group RCL.N and Viking Holdings
VIK.N shares up about 3% and 2%, respectively
** Up to last close, CCL stock fell nearly 5% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))