Carnival Corporation reported record third-quarter revenue of $8.44 billion and adjusted earnings per share of $1.43, beating analyst estimates of $0.35, marking its 10th consecutive quarter of record revenues. The cruise operator said fourth-quarter net yields will be about 1.7%, while full-year constant-currency net yields are up about 2.3%. Fuel prices since the last report are up about 20%, adding $150 million in costs, but demand remains strong: 2027 booked occupancy and pricing are already at record levels, and 2028 bookings are running ahead of last year at higher occupancy and pricing. Shares rose in pre-market trading on the results, though the stock is down nearly 30% year to date.
Carnival CorporationRecord Q3 revenue of $8.44B and adjusted EPS of $1.43 beat estimates, marking 10th straight quarter of record revenues.
Royal Caribbean Cruises Ltd