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Will recent lawsuits affect Carnival's earnings?

Matthew Arrojas
Will recent lawsuits affect Carnival's earnings?

Analysts say Carnival Corp.'s fiscal future looks bright, despite recent lawsuits that could cost the Doral-based cruise company millions of dollars. David Beckel, of New York-based AB Bernstein, and Paul Golding, of Sydney-based Macquarie Capital, told the Business Journal they expect Carnival (NYSE: CCL) to bounce back as the global number of cruisers continues to rise. This one’s been a little bit rough for them, but I don’t expect any weakness displayed this year to persist in the long run," Beckel said."There’s no problem with cruise demand and, ultimately, as long as cruise demand grows, all [cruise lines] should benefit." But lawsuits filed over environment issues and the cruise company's dealings with Cuba have the potential to stir trouble for Carnival's profits, Beckel said.