Carnival Posts First Profit Since Pandemic But Outlook Damps Stock
- Carnival reported $1.07 billion net income for fiscal third quarter, its first profit since before COVID.
- Revenue hit a record $6.85 billion with strong demand and higher ticket prices.
- However, stock fell due to disappointing full-year outlook citing rising fuel costs.
- Carnival expects wider loss in current quarter and revised annual guidance lower.
- Despite strong bookings, inventory running low for 2024 leading to slowing volume.
Reuters 
Washington Post 
Benzinga 
