Earnings for the first quarter were $0.20 per share, surpassing the analyst estimates of $0.18 per share. This marks an increase from the $0.13 per share reported a year earlier.
The company reported revenue of $6.17 billion for the first quarter, which exceeded the projected $6.13 billion by analysts. Revenue grew approximately 6.2 percent compared to the same quarter last year, when it was $5.81 billion.
For the first quarter, adjusted EBITDA was recorded at $1.3 billion. Gross margin yields increased nearly 10 percent, while net yields increased 2.7 percent, outperforming guidance by over 1 point.
Carnival provided a second-quarter earnings outlook of $0.34 per share, which is below the analyst expectations of $0.42 per share.
For the full year, Carnival revised its earnings outlook to $2.48 per share from the earlier forecast of $2.21, which remains below the analyst consensus of $2.36 per share.
The company announced PROPEL, a new set of long-term targets aimed at reflecting continued earnings growth momentum, outsized shareholder distributions, and higher returns to be achieved by 2029.
Carnival Corporation & plc’s Chief Executive Officer Josh Weinstein stated, “We delivered a strong start to the year, with record first-quarter operating results that exceeded our guidance, driven by healthy fundamentals and solid execution across the business.”
 reported first-quarter earnings of $0.20 per share, beating analyst estimates of $0.18. Revenue for the quarter was $6.17 billion, exceeding the expected $6.13 billion and showing a 6.2 percent increase from last year.){kind=link}