Carnival shares rose 4.2% to 51.72 in morning trade today. The stock also moved above its 200-day moving average.
The company raised the bottom end of its full-year EPS guidance to $3.20-$3.40, up from a prior outlook for $3.10-$3.40. But the midpoint of the newly updated range still comes in below current expectations for $3.37 a share for the year. Carnival sees Q2 EPS of 34-38 cents vs. views for 38 cents a share.
Competitor Royal Caribbean Cruises (RCL) saw its shares jump 4.9%.
CCL and RCL are Smart Investing in Turbulent Times stocks.