Carnival Corporation (CCL.US), a cruise operator, saw its stock price rise by 3% on Friday, with fourth-quarter results once again exceeding expectations. As of the end of the quarter on November 30, the company reported a net profit of $0.303 billion, reversing a loss of $48 million in the same period last year. Excluding non-recurring items, adjusted EPS was 14 cents, higher than the market expectation of 8 cents, marking the ninth consecutive quarter of earnings exceeding forecasts.

During the period, revenue grew 10% to $5.94 billion, meeting expectations. Occupancy rates improved from 101% to 103%, and passenger cruise days increased from 23.6 million to 24.6 million.

The company stated that the cumulative advance booking volume for the entire year of 2025 (calculated at fixed Exchange Rates) and occupancy rates have reached historic highs. CEO Josh Weinstein indicated that fourth fiscal quarter revenues also reached record levels, with booking volumes for the fourth quarter of 2026 continuing to break records.

Looking ahead, the company expects adjusted EPS in the first fiscal quarter to be about break-even, while the market anticipates a loss of 2 cents. The full-year adjusted EPS guidance is $1.70, while the market expects $1.75.