Why Carnival Corporation Stock Is Rising Today

Carnival Corporation CCL shares are trading higher after Royal Caribbean RCL reported strong second quarter results and increased its guidance.

What To Know:  Royal Carribbean reported quarterly earnings of $1.82 per share which beat the analyst consensus estimate of $1.55. Quarterly sales of $3.52 billion beat the analyst consensus estimate of $3.41 billion.

Royal Carribbean also raised its 2023 earnings per share guidance from between $4.40 and $4.80 to between $6.00 and $6.20, versus the consensus estimate of $4.77.

The company expects third quarter earnings per share between $3.38 and $3.48, versus the consensus estimate of $2.88.

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CCL Price Action: Shares of CCL were up 2.83% at $18.15 at the time of publication, according to Benzinga Pro.

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