Carnival Corporation & plc Reports Record Full Year And Record Fourth Quarter Earnings
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UPDATE: Deutsche Bank Raises Price Target on Carnival Corp. (CCL) to $50; Reiterates Hold
December 21, 2016 8:07 AM EST(Updated - December 21, 2016 8:08 AM EST)
Deutsche Bank maintained a Hold rating on Carnival Corporation (NYSE: CCL), and raises the price target to $50.00 (from $48.00), following the company's initial 2017 EPS guidance.
Analyst... More
Carnival Corp. (CCL) Tops Q4 EPS by 9c
December 20, 2016 9:23 AM ESTCarnival Corp. (NYSE: CCL) reported Q4 EPS of $0.67, $0.09 better than the analyst estimate of $0.58. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.9 billion.
Key information for the fourth quarter 2016 compared to the prior year:
U.S. GAAP net income for 4Q 2016 of $609 million, or $0.83 diluted EPS, compared to $270 million, or $0.35 diluted EPS, for the prior year. On an adjusted basis, 4Q 2016 net income of $491 million, or $0.67 EPS, was higher than net income of $389 million, or $0.50 EPS, for the prior year. Adjusted net income excludes unrealized gains... More