Jun. 24 at 2:47 PM
$RCL $SPX $NCLH $CCL Carnival’s stock CCL jumps after strong Q2 beat, driven by last-minute bookings
Carnival (CCL) surged 10.1% Tuesday after reporting Q2 earnings that beat estimates for the 11th straight quarter. Strong "close-in" (last-minute) bookings drove a 6.4% net yield increase, a Q2 record and well above the expected 4.8%. Adjusted EPS came in at
$0.35 (vs.
$0.25 expected), up from
$0.11 a year ago. Revenue rose to
$6.33B, topping the
$6.21B forecast.
Net income hit $ 565M (
$0.42/share), up from $ 92M (
$0.07/share) last year. Carnival raised full-year guidance, now expecting >40% adjusted net income growth (up from >30%) and 2025 net yield growth of ~5% (up from 4.7%).
The upbeat report also lifted rivals: NCLH +6.9%, RCL +3.6%. CCL is now up 6.2% YTD, outperforming the SPX at +3.2%.
