Carnival posts 3Q profit, results top Wall Street forecasts

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MIAMI — Carnival Corp. (CCL) on Tuesday reported fiscal third-quarter profit of $1.25 billion.

The Miami-based company said it had profit of $1.60 per share. Earnings, adjusted for non-recurring gains, were $1.58 per share.

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The cruise operator posted revenue of $4.95 billion in the period, also topping Street forecasts. Analysts expected $4.88 billion, according to Zacks.

For the current quarter ending in November, Carnival expects its per-share earnings to range from 15 cents to 19 cents.

The company expects full-year earnings in the range of $1.84 to $1.88 per share.

Carnival shares have increased slightly since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 8 percent. The stock has increased almost 9 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. A stock research report on CCL from Zacks is available at: http://www.zacks.com/ap/CCL

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Keywords:Carnival,Earnings Report

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