#Trends

Carnival beats Q2 forecasts but trims Q3 profit outlook

Carnival Corp. reported Q2 adjusted net income of $569m, more than 20% higher than the prior year, with adjusted earnings of 41 cents per share exceeding Wall Street's 34-cent expectation. However, the company reduced its third quarter guidance and shares dipped as much as 10% at market open. CEO Josh Weinstein noted the company is 93% booked for 2026 and expects record net yields in the second half, with customer deposits reaching an all-time high of $9b.