Carnival stock sinks after summer profit forecast disappoints

The cruise operator posted record second-quarter revenue and adjusted net income but guided third-quarter earnings below analyst expectations

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Carnival Corporation $CCL reported record second-quarter revenue and adjusted net income on Monday but forecast third-quarter profit below analyst expectations, sending Carnival stock down about 8% in early trading.

The company posted revenue of $6.66 billion and adjusted net income of $569 million for the quarter ended May 31, both second-quarter records. Adjusted earnings per share came in at $0.41, up more than 15% from the prior year. Analysts had expected earnings of $0.34 per share on........

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