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Carnival Q1 Profit Rises

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Carnival (NYSE: CCL  ) has reported its fiscal Q1 2013 results. For the quarter, revenues totaled $3.59 billion, incrementally higher from the $3.58 billion the company posted in the same period the previous year. Non-GAAP net profit was $65 million ($0.08 per diluted share). That EPS figure was $0.02 higher than the company's previous guidance. The net result was a five-fold increase from the $13 million ($0.02) of Q1 2012.

During the most recent quarter, Carnival was affected by a high-profile engine failure in one of its ships. In recent days, the company has suffered similar woes.

Going forward, the firm said that cumulative advance bookings for this year are lagging behind those of 2012. It expects fiscal 2013's diluted EPS to come in at $1.80-$2.10. 

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9/29/2016 4:00 PM
CCL $48.26 Down -0.52 -1.07%
Carnival CAPS Rating: ***