Carnival Profit Drops on Higher Costs, Expenses
20 Juni 2019 - 1:42PM
Dow Jones News
By Kimberly Chin
Carnival Corp. (CCL) said profit fell roughly 20% in the second
quarter due to higher operating costs and expenses, though sales
climbed.
Net income for the cruise operator was $451 million, or 65 cents
a share, down from $561 million, or 78 cents a share, a year
earlier. Adjusted earnings were 66 cents a share.
Analysts polled by Refinitiv expected earnings of 64 cents a
share, and adjusted earnings of 61 cents a share.
Revenue rose 11% for the quarter to $4.84 billion from a year
ago. Analysts expected revenue of $4.53 billion.
Shares of Carnival fell 5.4% to $50.01 in premarket trading.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
June 20, 2019 07:27 ET (11:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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