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Jack of All Trades: High Stakes 12.19.2025

Carnival surged 9.4% premarket after crushing Q4 earnings ($0.34 vs $0.25 est, +36% beat), announcing dividend reinstatement ($0.15 quarterly) and achieving investment-grade leverage (3.4x net debt-to-EBITDA)—full-year net income $3.1B (all-time high, +60% YoY)

Jack of All Trades: High Stakes 12.19.2025
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