Carnival's strong earnings report, with revenue and EPS beating expectations, drove a 10% stock rally.

Yes, Carnival's report was very good, considering the fluctuations in fuel prices. They have exceeded their expectations for June, and even their profit margins , which we will talk about shortly.

As for total sales, they achieved $8.43 billion, exceeding estimates of approximately $8.38 billion. That's an increase of approximately 3.5% compared to last year when they achieved $8.15 billion.

The adjusted earnings per share came in higher than estimates, meaning it was almost unchanged from last year at $1.43 versus estimates of $1.35.

But I think the most important positive factor is the returns. Looking at what they talked about, we find that net income rose by about 2.4%. But at the same time, they spoke of an increase in fuel consumption of about 3.8%, although the outlook for the whole year has improved significantly.

Adjusted net income for the full year is now expected to be around 3.08 billion. Based on a constant exchange rate, it is expected to be about 2.3% higher.

So, the quarter was generally strong. They spoke of growth in adjusted earnings before interest, taxes, depreciation and amortization, despite higher fuel costs, which they will pass on to customers, and bookings continued to increase as well to offset some of the higher expenses they incurred during the quarter.

and now we have this good news from Carnival, where we are seeing a 10% increase. I mean, it's a very important step.