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Carnival
shares climbed roughly 7% on Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance.
According to the company’s earnings report, the cruise operator posted adjusted earnings of 35 cents per share while beating analyst estimates of 24 cents, according to LSEG. Adjusted revenue came in at at record $6.3 billion compared with the expected $6.2 billion.
Net income rose to $565 million, which was a significant increase from $92 million a year ago.
