Carnival shares fell nearly 6% after issuing a third-quarter profit outlook that missed analyst expectations. Although the company reported adjusted earnings of $0.41 per share for the quarter ended May 31, beating the $0.33 estimate, the weak outlook overshadowed this achievement. JPMorgan maintained an Overweight rating on Carnival following a Q2 earnings beat. The company's cost-saving measures helped offset yield pressure and weakness in the European market. However, Carnival faces risks from debt, fuel, currency, and costs.
