Carnival Corp (NYSE:CCL) shares fell almost 6% on Tuesday after the cruise operator issued a third quarter profit outlook below Wall Street expectations, overshadowing stronger-than-expected second-quarter results and record revenue. The company reported adjusted earnings of $0.41 per share for the quarter ended May 31, ahead of analysts' estimates of $0.33 per share.
Most of the day's biggest losers are still up tremendously for 2026.
The cruise line said that booking trends during the recent quarter were most disrupted across Europe, particularly in the Mediterranean region.
Accelerates shareholder returns, surpassing $450 million in stock repurchases MIAMI, June 23, 2026 /PRNewswire/ -- Carnival Corporation (NYSE: CCL) announced financial results for the second quarter 2026 and provided an updated outlook. Net income1 of $537 million with record adjusted net income2,3 of $569 million, up over 20 percent compared to the prior year.
Cruise stocks have been on a tear recently, boosted by tumbling oil prices and hopes of an end to the Iran war.
Carnival's Q2 earnings on Tuesday are expected to detail booking momentum, fuel cost impact. CCL's stock performance trails this rival.
Stocks are having a quiet morning Monday as investors come off a long holiday weekend with a close eye on peace talks between the U.S. and Iran; a second day of negotiations in Switzerland has reportedly concluded after renewed threats against Iran from President Trump and continued attacks in Lebanon by Israel made for an eventful first day of talks; earnings from FedEx and Micron are on tap t...