Overview

• Carnival reported adjusted EPS of $0.35 for Q2, exceeding its own $0.22 guidance and analysts’ $0.25 estimate.
• Revenue climbed to a quarterly record of $6.3 billion, driven by strong last-minute bookings and higher onboard spending.
• The company raised its full-year adjusted EPS forecast to $1.97, up from prior guidance of $1.83.
• Passenger volumes rose 3% to 3.4 million and cruise days increased 4% to 25.3 million in the quarter.
• Cost per available berth day fell 0.3% and fuel consumption per berth day dropped over 6%, helping shares jump more than 8% and lifting rival cruise stocks.