Carnival Beats but Guides Lower
Carnival (CCL) reported 3rd Quarter August 2017 earnings of $2.29 per share on revenue of $5.5 billion. The consensus earnings estimate was $2.20 per share on revenue of $5.4 billion. The Earnings Whisper number was $2.23 per share. Revenue grew 8.2% on a year-over-year basis.
The company said it expects fourth quarter earnings of $0.44 to $0.50 per share. The current consensus earnings estimate is $0.63 per share for the quarter 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