WS #15073
Carnival Corporation reported Q3 revenue of $8.44 billion and raised its full-year adjusted EPS guidance, driven by record customer deposits and strong pricing power. The results have sparked a sympathy rally across the cruise industry, with shares of Carnival, Royal Caribbean, and Norwegian Cruise Line trading higher. This performance underscores the resilience of the leisure travel sector despite broader macroeconomic headwinds.
Cruise Sector Rally
Carnival Corporation reported Q3 revenue of $8.44 billion and raised its full-year adjusted EPS guidance, driven by record customer deposits and strong pricing power. The results have sparked a sympathy rally across the cruise industry, with shares of Carnival, Royal Caribbean, and Norwegian Cruise Line trading higher. This performance underscores the resilience of the leisure travel sector despite broader macroeconomic headwinds.