Carnival Corporation Ltd. (CCL) News
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last 30 daysConsumers are making up for lost travel time.
It's not just about the on-ship experience.
Carnival maintains limited capacity expansion despite booking half of 2027 at record rates.
Also, NY Fed President Williams hints that the next rate hike can wait.
Record net income and deposits fuel optimism as cruise operator beats guidance.
You know a company is hot when a massive increase in a cost item can't stop it from netting a profit approaching $2 billion.
On Sept. 29, 2026, cruise demand proved resilient as the operator posted adjusted EPS of $1.43 and $8.44B revenue, beating estimates.
Carnival stock rallied after its quarterly results defied worries over high fuel costs. The post Cruise Line Surprises Wall Street With Buoyant Outlook, Giving Beaten-Up Industry A Boost appeared first on Investor's Business Daily .
The stock is still sitting well below its pre-pandemic high after COVID-19 decimated the cruise industry.
The world's largest cruise line posted better-than-expected results in its third-quarter earnings report.
Carnival Corp. raised its full-year outlook as demand for future sailings — particularly in Europe — hits the highest-level ever during the quarter. The shares rallied.
The cruise line posted net income of $1.92 billion, or $1.40 a share, in the third quarter, up from $1.85 billion, or $1.33 a share, a year earlier.
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