Carnival Corp Raises 2024 Profit Forecast Amid Record Bookings

Despite a smaller-than-expected Q1 loss, challenges such as the Francis Scott Key Bridge collapse and Red Sea conflict may impact earnings.

Carnival Corp posted a smaller adjusted Q1 loss than analysts expected, with shares rising nearly 3% in intraday trading.
The company raised its full-year 2024 adjusted income guidance to about $1.28 billion, still below analyst estimates.
Record first-quarter revenue of $5.41 billion was reported, driven by all-time high booking volumes at higher prices.
The collapse of Baltimore's Francis Scott Key Bridge is estimated to impact the company's full-year net income by up to $10 million.
Technical analysis suggests strong bullish sentiment for Carnival stock, despite short-term disruptions.