Car­ni­val shares set sail

Daily Freeman (Kingston, NY) - - BUSINESS -

Car­ni­val shares jumped Tues­day af­ter the cruise op­er­a­tor re­ported a 17 per­cent profit gain for its most re­cent quar­ter and raised its earn­ings guid­ance.

The owner of the Queen Mary 2 re­ported late Mon­day that it earned $1.42 bil­lion, or $1.93 per share, in the third quar­ter. Earn­ings ad­justed for non-re­cur­ring gains were $1.92 per share. Rev­enue rose 4.4 per­cent to $5.1 bil­lion on strong pas­sen­ger ticket sales. Car­ni­val’s re­sults for the pe­riod sur­passed Wall Street ex­pec­ta­tions.

The com­pany also raised its full-year ad­justed guid­ance to a range of $3.33 to $3.37 per share, up from its June guid­ance range of $3.25 to $3.35. An­a­lysts sur­veyed by Fac­tSet ex­pect $3.34 per share for the year.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.