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Carnival Says Cruise Bookings Are Strong. Its Stock Slides Anyway.
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KEY TAKEAWAYS Carnival Corporation posted better-than-expected quarterly results, lifted its full-year outlook and said booking volumes were outpacing capacity growth by a wide margin.
Despite that, Carnival shares fell on Monday, as the company's forecast for net yields missed expectations.
Another possible drag: Carnival's projection of passenger revenue lagged analysts' estimates even as the cruise line posted strong bookings numbers.
Carnival said it expects net yields to rise 5.3% in 2025, versus the 5.79% increase projected by analysts polled by Visible Alpha.
Net yields measure revenue from passengers after commissions and other costs per cruise day.