Carnival Corporation (CCL, Financial) saw its stock dip on Monday following the announcement of its third-quarter financial results. While the cruise operator reported record-setting revenue that surpassed expectations, it offered a less optimistic outlook for net yield in the upcoming quarter.
Despite its cautious forecast for the fourth quarter, the company highlighted its "extraordinary" performance in Q3, driven by high-profit margins and increased per-ship revenue. Carnival noted that demand for future bookings remains robust, with nearly half of 2025 bookings reaching historic high prices.
For the entire fiscal year, Carnival has once again raised its net yield expectations. CEO Josh Weinstein attributed the upward revision to strong demand, leading to an improved annual yield guidance and better cost management.
