US Stock Market Move | Investors profitably closed their positions as Carnival Corporation (CCL.US) fell over 5%.

On Monday, Carnival Corporation (CCL.US) stock price dropped, with the stock falling over 5% to $28.99 as of the time of writing. This was after the company had released impressive financial reports, but investors decided to take profits, causing the stock to fall after hitting an intraday high of $32.49. Before the market opened, the stock had briefly risen by 4%. Royal Caribbean (RCL.US) and Norwegian Cruise Line Holdings Ltd. (NCLH.US) also dropped simultaneously, falling by over 1.5% and 3% respectively. Carnival Corporation's third quarter revenue and profits exceeded Wall Street expectations, and the company raised its full-year performance guidance for the third time, benefiting from strong booking demand. In Q3, the company achieved a record adjusted net profit of $1.9 billion, with earnings per share of $1.43, a 13% increase from the same period last year, surpassing the 2019 record by 10%. Revenue increased by 3.2% year-on-year to $8.2 billion, marking the tenth consecutive quarter of reaching a new high. Ticket revenue increased by 3.6% and onboard spending increased by 2.5%. The company's customer deposits also hit a record high of $7.1 billion. Carnival CEO Josh Weinstein stated that booking volumes in the past few months have far exceeded capacity growth, with nearly half of the 2026 North American and European itineraries already booked at historically high prices. The company expects adjusted net profit to increase by approximately 55% for the full year, with earnings per share of around $2.14, higher than the previous guidance of $2.02.