Carnival Corp (CCL) saw its stock surge 5.01% during intraday trading on Friday, driven by a combination of strong quarterly earnings, an optimistic annual profit forecast, and the reinstatement of dividends.
The cruise operator reported Q4 adjusted EBITDA of $1.5 billion, surpassing the IBES estimate of $1.36 billion, and announced a full-year adjusted EPS forecast of $2.48, above the consensus estimate of $2.43. Additionally, Carnival reinstated its dividend, declaring an initial $0.15 per share payout, and revealed plans to unify its dual-listed structure to streamline governance and reduce costs.
These developments reflect Carnival's robust financial performance and strategic initiatives to enhance shareholder value, contributing to the stock's significant intraday gain.
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