Carnival Corp. (CCL) Tops Q3 EPS by 14c; Boosts FY14 EPS Outlook

Carnival Corp. (NYSE: CCL) reported Q3 EPS of $1.58, $0.14 better than the analyst estimate of $1.44. Revenue for the quarter came in at $4.95 billion versus the consensus estimate of $4.93 billion.

Carnival sees Q4 2014 adjusted EPS of $0.15 - $0.19, versus the consensus of $0.21.

Carnival also sees FY2014 adjusted EPS of $1.84 - $1.88, versus prior guidance of $1.60 - $1.75 and the consensus of $1.75.

Carnival Corporation & plc President and Chief Executive Officer Arnold Donald noted, "Strong close-in demand and higher onboard spending helped drive significantly better than expected third quarter results and 15 percent year-over-year earnings improvement. Our Asia operations performed particularly well during the quarter, driven by a double-digit yield increase in our China program, further solidifying our industry leading presence in this important emerging cruise market.

"Our continental European operations also enjoyed strong yield and profit improvement in the quarter, reflecting continued progress for the Costa brand. In addition, our summer Caribbean product successfully attracted nearly 20 percent more guests than the prior year, reinforcing the popularity of the world's largest cruising region," Donald added.

For earnings history and earnings-related data on Carnival Corp. (CCL) click here.

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