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Carnival Corp. (CCL) on Wednesday reported fiscal first-quarter net income of $142 million.
On a per-share basis, the Miami-based company said it had net income of 18 cents. Earnings, adjusted for non-recurring costs, were 39 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The cruise operator posted revenue of $3.65 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.62 billion.
For the current quarter ending in June, Carnival expects its per-share earnings to range from 34 cents to 38 cents.
The company expects full-year earnings in the range of $3.20 to $3.40 per share.
Carnival shares have declined almost 9 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 0.5 percent. The stock has increased 4 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCL at http://www.zacks.com/ap/CCL
Keywords: Carnival, Earnings Report
This article was from The Associated Press and was legally licensed through the NewsCred publisher network.