Carnival Corporation reported strong second-quarter results for 2025, with adjusted earnings per share (EPS) of $0.35 surpassing estimates of $0.24, driven by record revenue of $6.3 billion. The company's adjusted net income more than tripled year-over-year. Following this performance, Carnival raised its full-year adjusted EPS guidance to approximately $1.97 from $1.83, exceeding the consensus estimate of $1.87. The adjusted EBITDA forecast for fiscal year 2025 was also increased. Carnival's shares rose more than 10% on the news, supported by last-minute bookings and robust onboard spending. Royal Caribbean Cruises also posted strong Q2 2025 results, with adjusted EPS of $4.38 beating estimates of $4.09 and revenue of $4.54 billion close to the $4.55 billion estimate. Net income reached $1.214 billion, and the company maintained its revenue guidance. Royal Caribbean's adjusted EPS guidance for 2025 was raised to a range of $15.41 to $15.55, reflecting approximately 31% growth year-over-year, despite a Q3 EPS forecast of $5.55 to $5.65 that fell short of analyst expectations due to rising fuel costs and operational timing shifts. The cruise line also reported a 5.8% increase in capacity and served 2.3 million guests, up 10% year-over-year. Separately, Rolls-Royce Holdings increased its full-year profit outlook to up to £3.2 billion and free cash flow to £3.1 billion, benefiting from a cost-saving program and strong demand in the aerospace sector. Civil aerospace earnings nearly doubled estimates despite ongoing maintenance costs related to the Trent 1000 engine. Rolls-Royce shares rose 12% to a record high following the revised outlook.