It topped expectations on both ends of the income statement, as well as all the key cruise line stocks metrics that Carnival reports. Carnival stock still tumbled 4% on the news. Carnival was initially targeting an adjusted profit per share of $1.70 back in December, when it initiated its fiscal 2025 forecast. Check out Carnival's adjusted profit, coming as a 9% positive surprise in the table shown earlier. This doesn't take away from the bargain that Carnival stock could be as its business perpetually improves.