Carnival Stock Rises On Better-Than-Expected Q2 Results And Raised Outlook -- MarketWatch

Carnival Corp. (CCL) shares rose more than 4% in premarket trading on Tuesday, boosted by better-than-expected second-quarter revenue and adjusted earnings, and the company's raised guidance.

Carnival's adjusted second-quarter profit of 35 cents a share beat the FactSet consensus estimate of 25 cents a share. Revenue rose to $6.33 billion from $5.78 billion in the prior year's quarter and beat the analyst revenue estimate of $6.21 billion.

The company also raised its net income guidance for 2025, and now expects it to be up over 40% compared to 2024. Previously, Carnival had forecast a net income increase of over 30%.

Carnival also raised its 2025 guidance for growth on net yields, which is a key metric of profitability per passenger cruise day, to approximately 5%, up from its prior forecast of 4.7%.

Carnival Cruise Line has recently faced a backlash from customers following changes to its loyalty program, although analysts don't see the situation as a problem.

(This is a developing news story with updates to come.)

-James Rogers

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June 24, 2025 09:32 ET (13:32 GMT)

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