Carnival Rides The Wave: Strong Bookings And Robust Q2 Earnings Boost Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Carnival Corporation (NYSE:CCL) shares surged following strong Q2 earnings, with adjusted EPS of 11 cents beating expectations. The company reported $5.781 billion in sales and $560 million in operating income. Strong bookings for 2025 and strategic realignment in Australia are expected to further boost performance. Carnival projects strong Q3 and 2024 earnings, with significant free cash flow anticipated.
June 25, 2024 | 2:28 pm
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Carnival Corporation reported strong Q2 earnings, with adjusted EPS of 11 cents and $5.781 billion in sales, beating expectations. The company also announced strong bookings for 2025 and strategic realignment in Australia, projecting strong Q3 and 2024 performance.
Carnival's strong Q2 earnings, better-than-expected EPS, and robust sales figures are likely to positively impact the stock price in the short term. The company's strategic realignment and strong bookings for 2025 further enhance its outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100