Carnival Corporation ‘expects to beat Q3 guidance’

Carnival has beaten guidance in each of its last three quarters.

However, it warned its yields would come under pressure in the third quarter due to fierce competition between cruise ship operators to the Caribbean.

Some cruise companies have cut prices to attract passengers, although Carnival has tried to limit any discounting.

Morgan Stanley believes last-minute demand in the US will have helped the group and expects earnings per share of $1.49 (91p), above guidance of $1.38-$1.44, the Telegraph reported.