Carnival Boosts Profit Forecast, Buoyed by Strong Bookings

Carnival Corp. raised its full-year earnings forecast for the third straight quarter, citing a record pace for forward bookings and improving net yields.

The cruise operator now expects adjusted net income of about $2.93 billion, up $235 million from its projection in June and higher than analysts’ expectations of about $2.76 billion. Net yields are now seen growing 5.3% on a constant-currency basis, up from 5% previously.