Carnival 1Q Net Income Falls On Higher Fuel Prices
MIAMI - Carnival Corp. says its first-quarter net income fell 13 percent, pinched by higher-than-expected fuel prices.
The Miami company earned $152 million, or 19 cents per share, for the period ended Feb. 28. That's down from $175 million, or 22 cents per share, a year ago.
Wall Street was already anticipating slimmer earnings and Carnival said lower than-expected costs helped offset fuel prices that rose 9 percent.
Revenue rose 8 percent to $3.42 billion on higher ticket prices and passengers spending more on board its ships.
The performance beat Wall Street's $3.28 billion estimate.
Carnival's brands include the Holland America Line, Princess Cruises, Carnival Cruise Lines and Costa Cruises.
Latest Stories
- Festival of Life, Hyde Park Jazz Fest, Randolph Street Market, Saint Alphonsus Oktoberfest, Rockies vs. White Sox Headline Weekend Special Events in Chicago
- The Reopening Of The African American Civil War Memorial Museum
- The Real Treasures of Life
- PBC Awareness, NFP Brings Chicago Community Together for International PBC Day
- Celebrate Cook County’s Public Lands during Party for the Preserves
Latest Podcast
CRYSTAL CROCKET AND BRENDA SHERIFF
