Carnival Corp. (CCL) Tops Q1 EPS by 10c; Muted Outlook

Carnival Corp. (NYSE: CCL) reported Q1 EPS of $0.20, $0.10 better than the analyst estimate of $0.10. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.57 billion.

Carnival Corp. sees FY2015 EPS of $2.30-$2.50, versus the consensus of $2.50.

Carnival Corporation & plc President and Chief Executive Officer Arnold Donald noted, "The year is off to a strong start achieving significantly higher earnings than the prior year and our previous guidance. Our onboard revenue initiatives drove particularly strong improvement in the first quarter with onboard yields more than 8 percent higher than prior year (constant dollar)." Donald also noted that the Carnival Cruise Line brand continued to outperform, achieving significant revenue yield growth and remains on track for a strong year. Additionally, Costa's Asia operations achieved double-digit revenue yield growth, affirming the pent-up demand in the region and building confidence in the long-term potential for growth.

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

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