NEW YORK — Carnival Corp. on Monday reported a 17 percent boost in fiscal third-quarter profit as it booked more passengers.
The cruise operator also said advance bookings for the first half of next year are ahead of the previous year.
The Miami-based company’s profit rose to $1.42 billion, or $1.93 per share. Earnings, adjusted for non-recurring gains, were $1.92 per share.
Revenue rose 4.4 percent to $5.1 billion on strong passenger ticket sales.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share, while six analysts expected revenue of $5.04 billion.
For the current quarter ending in November, Carnival expects its per-share earnings to range from 55 cents to 59 cents. Analysts surveyed by FactSet expected earnings of 58 cents per share.
The company raised its full-year adjusted guidance to a range of $3.33 to $3.37 per share, up from its June guidance range of $3.25 to $3.35. Analysts surveyed by FactSet expect $3.34 per share for the year.
Its shares dropped $1.12, or 2.4 percent, to $46.14 in morning trading. Its shares are down more than 9 percent on the last year.
Elements of this story were 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