Overview

• 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.