Carnival Cuts Profit Outlook as Iran War Pushes up Fuel Cost
A Carnival Corp. cruise ship docked at the port of Civitavecchia near Rome.
Photographer: Alessia Pierdomenico/BloombergCarnival Corp. cut its full-year profit outlook as surging crude prices are driving up fuel costs.
The Miami-based cruise operator now sees full-year earnings of about $2.21 per share, adjusted for some items. That’s down from a December forecast of about $2.48 and below analysts’ estimates of $2.35.