Carnival reported $0.41 EPS, topping forecasts, while customer deposits surged to $9 billion despite geopolitical and economic pressures.
Carnival posted first-quarter earnings of $0.41 per share, exceeding the $0.35 consensus estimate, as revenue climbed to a record $6.7 billion. The company cited strong demand despite geopolitical volatility and weak consumer sentiment, though its Q3 outlook of $1.35 fell short of the $1.42 forecast.
Customer deposits reached an all-time high of $9 billion, up $450 million from the prior year, with bookings for 2026 remaining ahead of last year’s levels. However, European deployments faced headwinds from the Iran conflict, elevated airfares, and reduced flight capacity.
Shares initially dropped 8% before paring losses to a 5% decline, reflecting investor concerns over the softer Q3 guidance despite robust demand trends.