Carnival Corp Ltd.: Quarterly report
Carnival reported higher passenger revenues and cash flows, while higher fuel prices and emission costs increased operating expenses.
Mixed for the companyWhat the numbers say
Revenue rose 3.5% to $8.4B versus the same quarter last year (27% up on the previous quarter); operating margin narrowed from 27.9% to 26.3%; diluted EPS $1.40 versus $1.33; cash fell by $1B to $1.2B while debt fell by $1B; diluted share count down 2.4% (buybacks).
What happened
- Quarterly passenger ticket revenues rose to $5.5 billion and onboard revenues rose to $2.9 billion, supported by capacity growth and higher guest spending.
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