MARKET TALK: Carnival May See 2Q Upside, But Dollar Headwinds

16th Jun 2010 19:36

2:36 (Dow Jones) William Blair sees potential upside for Carnival's (CCL) 2Q results but says a weaker euro may cap full-year outlook. "While pricing continues to move in the right direction, we have noted some moderation in the improvement of pricing in both May and early June," firm says. A stronger US dollar and a moderating pricing improvements is "lessening the chances of further material upside" to consensus expectations for 2010, firm adds. Carnival reports Thursday before the bell. The Street is calling for 2010 EPS of $2.38, according to Thomson Reuters. CCL off 1.6% to $36.85. ([email protected]) Call us at (212) 416-2181 or email [email protected] Visit the Market Talk blog at http://www.djnmarkettalk.com (END) Dow Jones Newswires June 16, 2010 14:36 ET (18:36 GMT)