Carnival shares set sail
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.