Overview
- Carnival posted adjusted EPS of 20 cents that topped the 18‑cent estimate, with revenue of $6.165 billion beating forecasts.
- Operational strength drove a first‑quarter record of $1.267 billion in adjusted EBITDA and supported a roughly $150 million lift to the full‑year operational outlook.
- The company guided second‑quarter adjusted EPS to about 34 cents, below the 42‑cent consensus, and trimmed full‑year 2026 guidance to about $2.21 from $2.48.
- Management cited a $54 million hit from fuel prices and currency moves, equal to about 4 cents per share, as a key driver of the lower profit view.
- Shares fell about 3.8% to $24.31 after the update, as Carnival also unveiled a $2.5 billion share repurchase plan and introduced its multi‑year PROPEL 2029 targets.