10:06 AM EDT, 03/27/2024 (MT Newswires) -- Carnival (CCL) was flat in recent trading Wednesday after the cruise operator reported better-than-expected fiscal Q1 results, but said its full-year net income would take a $10 million hit following the recent collapse of the Francis Scott Key Bridge in Baltimore.

The company reported a fiscal Q1 adjusted loss Wednesday of $0.14 per diluted share, compared with $0.55 a year earlier.

Analysts surveyed by Capital IQ expected an adjusted loss of $0.18 per share.

Revenue for the quarter ended Feb. 29 was $5.41 billion, compared with $4.43 billion a year earlier. Analysts surveyed by Capital IQ expected $5.40 billion.

Looking ahead, the company said it expects a Q2 adjusted loss of $0.03 per share. For the full-year 2024, the company sees adjusted earnings of $0.98 per share, up from a prior estimate of $0.93. Analysts surveyed by Capital IQ expected an adjusted loss of $0.03 per share for Q2 and adjusted earnings of $1.00 for the full-year 2024.

The full-year guidance doesn't include the current estimated impact of up to $10 million - from the collapse of the Francis Scott Key Bridge Baltimore and the temporary change in homeport - on both adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, and adjusted net income for the full year 2024, the company added.