Carnival stock rises on positive Q2 earnings, 2024 guidance

Tue, Jun 25, 2024, 7:56 AM

Shares of Carnival Corporation (CCL) are trading higher on Tuesday after the cruise line operator posted its fiscal second-quarter earnings results. The results revealed a resilient demand for its services, as revenue increased 18% year over year. In addition, the company raised its full-year adjusted EBITDA forecast.

Market Domination Anchors Julie Hyman and Josh Lipton break down Carnival's earnings figures and what it signifies for the full-year consumer travel demand.

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This post was written by Nicholas Jacobino and updated by Luke Carberry Mogan.