Carnival (CCL) Q4 Earnings & Revenues Surpass Estimates (Revised)
Zacks Investment Research | Dec 22, 2019 08:35PM ET
Carnival Corporation (NYSE:CCL) reported better-than-expected fourth-quarter fiscal 2019 (ended Nov 30, 2019) results. Both the top and bottom lines surpassed the Zacks Consensus Estimate.
In the quarter under review, it reported adjusted earnings of 62 cents per share, beating the Zacks Consensus Estimate of 51 cents by 21.6% but declining 11.4% from 70 cents reported a year ago. Revenues of $4.78 billion outpaced the consensus mark of $4.6 million by 3.8% and increased 6.7% year over year. This upside can be attributed to strength in passenger tickets, onboard and other, as well as tour and other businesses.
On a constant-currency basis, net revenue yields fell 1.8% year over year. The metric was expected to decline 2-3%. Net on-board and other yields increased 0.9% in constant currency.
Carnival Corporation Price, Consensus and EPS Surprise
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