{
  "report_rows": [
    {
      "kpi": "Q2 2026 adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$4.03 vs. cons $3.97",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$4.85B vs. cons $4.81B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2 2026 constant-currency net-yield growth",
      "prediction": "BEAT",
      "answer": "pred ~0.5% vs. cons 0.2%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 adjusted EPS guidance midpoint",
      "prediction": "LOWER",
      "answer": "guide ~$16.90 vs. cons $17.30 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Q3 2026 adjusted EPS guidance",
      "prediction": "LOWER",
      "answer": "guide ~$5.45 vs. cons $5.70 (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY2026 constant-currency net-yield growth guidance midpoint",
      "prediction": "LOWER",
      "answer": "guide ~1.8% vs. cons 2.0% (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -6.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -9.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest Q2 beat is outweighed by an implied FY2026 EPS midpoint cut to ~$16.90 versus consensus of $17.30 and Q3 guidance of ~$5.45 versus consensus of $5.70; higher fuel and geopolitical costs should drive estimate revisions after the initial reaction.",
  "day5_confidence": "MEDIUM"
}