Carnival Corp. (CCL) Tops Q3 EPS by 4c, Revenues Beat; Offers FY18 EPS Outlook

Carnival Corp. (NYSE: CCL) reported Q3 EPS of $2.36, $0.04 better than the analyst estimate of $2.32. Revenue for the quarter came in at $5.84 billion versus the consensus estimate of $5.81 billion.

Carnival Corporation & plc President and Chief Executive Officer Arnold Donald stated, "Strong execution delivered the highest quarterly performance in our company\'s history, overcoming fuel and currency headwinds. At the same time, our strong cash flow and balance sheet enabled us to accelerate our opportunistic share repurchase program, investing almost $750 million in Carnival stock since the beginning of the third quarter, bringing the total investment to $4.4 billion in just three years, and leading to the second replenishment of our $1.0 billion repurchase program this year alone."

GUIDANCE:

Carnival Corp. sees FY2018 EPS of $4.21-$4.25, versus the consensus of $4.24.

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

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