Cruise Line Stocks Rally Broadly as Carnival Surges Over 13%
Stock News
Sep 29
Cruise line stocks rallied broadly on Tuesday, with Carnival (NYSE: CCL) surging more than 13%, Royal Caribbean Cruises (NYSE: RCL) gaining over 6%, and Norwegian Cruise Line (NYSE: NCLH) rising 5%.
On the news front, Carnival released its third-quarter results on September 29, reporting adjusted earnings per share of $1.43, beating the institutional estimate of $1.36. Revenue came in at $8.435 billion, surpassing the estimated $8.3 billion and marking a 3.46% year-over-year increase. The company raised its fiscal 2026 adjusted earnings per share guidance from $2.22 to $2.24, while analysts had expected $2.22.
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