Rodman & Renshaw Comments on Carnival

Rodman & Renshaw provided color on Carnival CCL in a research report published today. Rodman & Renshaw have previously given Carnival a Market Outperform rating and $47 price target. In the report, Rodman & Renshaw states, "CCL reported 2Q results that were above our estimates and the Street. Net revenue yields were above our expectations. While, 3Q11 guidance is below expectations. We hadn't updated our numbers from last week's guidance and were waiting for today's results. Our estimates are currently under review pending today's 10 am conference call." Shares of Carnival were trading at $37.12 at the time of posting, up 3.89% from Monday's market close.