Carnival Corp Cuts Annual Profit Forecast on Fuel Costs
Carnival Corp cut its annual profit forecast today due to rising fuel costs. The company now expects full-year adjusted earnings to reach $2.21 per share.
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Carnival Corporation & plc has reduced its annual profit outlook as surging fuel prices put pressure on the cruise operator's margins. The company pointed to rising geopolitical tensions as a key factor driving energy costs higher, impacting global travel and shipping operations.
