Carnival's F1Q Report Is Pretty Good Despite Outlook Cut -- Market Talk

Dow Jones00:02

1202 ET - Jefferies analysts say Carnival's F1Q results are pretty good, all things considered. Shares are down 3.3%, which was to be expected given the outlook cut, they say in a research. But profit and revenue for the current quarter came in ahead of Wall Street expectations, and underlying demand trends are solid. Positive booking commentary, coupled with record deposit and a $2.5 billion share-buyback authorization, bode well for the company's long-term story, the analysts say. They note, though, that Carnival's full-year outlook assumes lower Brent crude futures than current, meaning a sustained rise in oil prices could further dent profit. (connor.hart@wsj.com)

(END) Dow Jones Newswires

March 27, 2026 12:02 ET (16:02 GMT)

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