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Carnival Reports Profit In Q1; Approves Initial $2.5 Bln Share Buyback

CUK
Corporate EarningsCompany FundamentalsTravel & LeisureInvestor Sentiment & Positioning

Carnival reported Q1 net income attributable to Carnival of $258 million versus a loss of $78 million a year ago, and EPS of $0.19 compared with a loss of $0.06. Adjusted EBITDA was $1.27 billion, underscoring a return to profitability. Results are likely to be viewed positively by investors and could move the stock by a few percent intraday. The release contains no forward guidance, leaving longer-term outlook implications unclear.

Analysis

Carnival reported Q1 net income attributable to Carnival of $258 million versus a loss of $78 million a year ago, and EPS of $0.19 compared with a loss of $0.06. Adjusted EBITDA was $1.27 billion, underscoring a return to profitability. Results are likely to be viewed positively by investors and could move the stock by a few percent intraday. The release contains no forward guidance, leaving longer-term outlook implications unclear.

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mildly positive

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0.35

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CUK0.35