Carnival Corp. (NYSE: CCL) reported Q1 EPS of $0.38, $0.03 better than the analyst estimate of $0.35. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.78 billion.

Carnival Corporation & plc President and Chief Executive Officer Arnold Donald noted, "We are off to a good start delivering another quarter of operational improvement on top of a very strong first quarter last year. Our performance was driven by increased demand, particularly for our core Caribbean itineraries, leading to higher year-over-year ticket prices which enabled us to overcome the significant negative impact of both fuel and currency to exceed the high end of our guidance range."

Key information for the first quarter 2017 compared to the prior year:

• Gross revenue yields (revenue per available lower berth day or \"ALBD\") increased 0.1 percent. In constant currency, net revenue yields increased 3.8 percent for 1Q 2017, better than December guidance of up 1.5 to 2.5 percent.
• Gross cruise costs including fuel per ALBD increased 2.9 percent. In constant currency, net cruise costs excluding fuel per ALBD increased 3.2 percent, compared to December guidance of up 1.5 to 2.5 percent, due to the timing of certain expenses.
• Changes in fuel prices (including realized fuel derivatives) and currency exchange rates decreased earnings by $0.13 per share.

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