Carnival Beats but Guides Lower
Carnival (CCL) reported 4th Quarter November 2016 earnings of $0.67 per share on revenue of $3.9 billion. The consensus earnings estimate was $0.58 per share on revenue of $3.9 billion. The Earnings Whisper number was $0.62 per share. Revenue grew 6.0% on a year-over-year basis.
The company said it expects first quarter earnings of $0.31 to $0.35 per share and fiscal 2017 earnings of $3.30 to $3.60 per share. The current consensus earnings estimate is $0.42 per share for the quarter ending February 28, 2017 and $3.69 per share for the year ending November 30, 2017.
Carnival Corp is a leisure travel company operating a
portfolio of 100 cruise ships. Its brands include Carnival Cruise Lines, in North America;
P&O Cruises and Cunard in the UK; AIDA Cruises in Germany; Costa Cruises in