Carnival Posts Better-Than-Expected Results on ‘Incredibly Strong Demand’ | Global News Avenue

Carnival Company (CCL) Friday reportedly, while its current quarterly outlook was slightly higher than estimates, Friday’s first-quarter profit and record revenue were reportedly higher than expected.

The company reported adjustments Earnings per share (EPS) $0.13, revenue set a first-quarter record of $5.81 billion. Both are on the visible alpha prediction.

CEO Josh Weinstein said the performance was driven by “incredibly strong demand across the portfolio, including excellent shutdown demand, exceeding expectations for fares and on-board spending.”

Weinstein added that while the company is “not completely immune to the strengthening of macroeconomic and geopolitical volatility, “the Carnival still “promises another great year in our cruise brands.”

Carnival now has a full-year adjusted EPS of $1.83, higher than the previous $1.70 estimate. The higher prospect “through recent successful refinancing, we have improved the results of first-quarter yields and reduced interest expenses.”

Q2 Outlook is weaker than expected

The company sees adjustments in the second quarter of fiscal 2025 Earnings per share (EPS) $0.22, adjust EBITDA $1.32 billion. It can be seen that analysts surveyed by Alpha are looking for $0.24 and $1.37 billion respectively.

Carnival companies’ stocks rarely change in delayed trading. They have grown by about 25% over the past year.