Carnival (NYSE: CCL) reported earnings on June 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended May 31 (Q2), Carnival missed slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share grew significantly.

Margins grew across the board.

Revenue details
 Carnival reported revenue of $3.48 billion. The 11 analysts polled by S&P Capital IQ predicted revenue of $3.55 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.09. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. Non-GAAP EPS of $0.09 for Q2 were 55% lower than the prior-year quarter's $0.20 per share. GAAP EPS of $0.05 for Q2 were 150% higher than the prior-year quarter's $0.02 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 41.6%, much better than the prior-year quarter. Operating margin was 4.4%, 180 basis points better than the prior-year quarter. Net margin was 1.2%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $4.70 billion. On the bottom line, the average EPS estimate is $1.35.

Next year's average estimate for revenue is $15.51 billion. The average EPS estimate is $1.57.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carnival is hold, with an average price target of $36.39.

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