Carnival Cruise Q1 Profit Soars On Higher Ticker Prices And Strong Occupancy

Carnival shares dip after Q1 FY25 earnings despite strong results. The company reported 7.5% YoY sales growth, reaching $5.81 billion, surpassing analyst expectations. Adjusted EPS of $0.13 beat forecasts, while passenger ticket sales grew 5.9%. With record customer deposits and reduced debt, Carnival's outlook for FY25 looks optimistic, raising both its net yield and adjusted EPS guidance.