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Carnival shares fall as Q3 outlook misses estimates despite earnings beat
Key takeaways
- The company reported adjusted earnings of $0.41 per share for the quarter ended May 31, ahead of analysts estimates of $0.33 per share.
- Revenue rose to a record $6.7 billion, slightly above the consensus forecast of $6.68 billion.
- Net income attributable to Carnival reached $537 million, while adjusted net income climbed more than 20% year over year to a record $569 million.
Carnival shares fall as Q3 outlook misses estimates despite earnings beat Proactive Tue, June 23, 2026 at 10:39 PM GMT+7 2 min read CCL Carnival Corp (NYSE:CCL) shares fell almost 6% on Tuesday after the cruise operator issued a third quarter profit outlook below Wall Street expectations, overshadowing stronger-than-expected second-quarter results and record revenue.
The company reported adjusted earnings of $0.41 per share for the quarter ended May 31, ahead of analysts estimates of $0.33 per share.
Revenue rose to a record $6.7 billion, slightly above the consensus forecast of $6.68 billion.
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