Carnival announced Tuesday it would reroute cruise itineraries for a dozen ships scheduled to transit the Red Sea as tensions rise in the Middle East. Carnival expects the rerouting to impact its adjusted earnings per share by 7 cents to 8 cents in 2024. The company forecast adjusted full-year earnings per share of 93 cents, according to its fiscal fourth-quarter earnings released last month. The cruise liner is expected to release its fiscal first-quarter 2024 earnings in March. Carnival is the latest company to announce disruptions due to the conflicts in the Red Sea.

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Persons: reroute itineraries, Joe Biden Organizations: Carnival, Houthi Rebels, Royal, MSC Cruises Locations: Avalon , California, Iranian, U.S, Yemen, Jordan, Red, Royal Caribbean, Swiss, Italian