Carnival shares surged nearly 7% Tuesday after the cruise line beat second-quarter earnings expectations and raised its full-year guidance. The company reported adjusted earnings of 35 cents per share, surpassing the projected 24 cents, and posted record revenue of $6.3 billion. Net income climbed to $565 million, up sharply from $92 million a year ago. CEO Josh Weinstein cited strong momentum across Carnival’s brands and raised full-year adjusted net income expectations by 40% over 2024—$200 million more than the March forecast. EBITDA guidance was also raised to $6.9 billion. Carnival is preparing to open its new Bahamas destination, Celebration Key, on July 19. Demand for cruises remains strong, with higher prices and fuller ships boosting profits.
