Pursuits
Carnival Tops Estimates in Period Marked by Terror, Zika Worries
- Rising cruise demand in China is boosting fares, analyst says
- Company begins approval process to add more sailings to Cuba
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Carnival Corp., the world’s biggest cruise operator, rose the most in a year after posting earnings that beat analysts’ estimates in a quarter marked by concerns over terrorism in Europe and the Zika virus. The company also raised its profit forecast for all of 2016.
Carnival rose 5.5 percent to $52.37 at the close in New York, the biggest one-day gain since March 27, 2015. No. 2 Royal Caribbean Cruises Ltd. advanced 5.7 percent, as did Norwegian Cruise Line Holdings Ltd.