Carnival Raises Earnings Forecast on Record Bookings

Carnival Corporation has delivered its third consecutive quarterly earnings forecast upgrade, signaling a powerful resurgence in the cruise industry. The company now projects adjusted net income of approximately $2.93 billion for the full year, representing a $235 million increase from its June guidance and comfortably exceeding analyst expectations of $2.76 billion. This upward revision stems from unprecedented forward booking volumes and improving net yields, with CEO Josh Weinstein reporting that demand is ‘far outpacing capacity growth,’ positioning Carnival for one of its strongest financial performances in recent memory.

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M&A Boom & Analyst Upgrades Drive S&P 500 Higher

Major corporate developments are driving market activity as Electronic Arts announces a $55 billion go-private deal and TikTok’s US separation moves forward. Meanwhile, analyst upgrades for defense contractor General Dynamics and strong earnings from Carnival Cruises are adding to the positive sentiment, pushing the S&P 500 higher in premarket trading.

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