Carnival forecasts annual profit below estimates

CCL

(Reuters) - Carnival Corp forecast annual profit below estimates on Friday, as higher costs of promotions and advertising weighed on the cruise operator.

The company expects annual profit of $1.70 per share, compared with analysts' estimates of $1.74 per share, according to data compiled by LSEG.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Devika Syamnath)