23rd Jun 2015 13:40
PANAMA (Alliance News) - Carnival Corporation & PLC on Tuesday reported second-quarter GAAP net income, which included unrealised gains on fuel derivatives of USD34 million and USD7 million of restructuring expenses, of USD222 million, or USD0.29 per share. For the second quarter of 2014, US GAAP net income was USD98 million, or USD0.13 per share. Non-GAAP net income was USD193 million, or USD0.25 per share for the second quarter of 2015.
On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of USD0.16 for the quarter. Analysts' estimates typically exclude special items. Revenues were USD3.59 billion, compared to USD3.63 billion, prior year. Analysts expected revenue of USD3.56 billion for the quarter. On a constant dollar basis, net revenue yields increased 4.1%, which was better than the company's guidance of up 2 to 3%.
Carnival Corp. has increased its full year 2015 non-GAAP earnings per share guidance to be in the range of USD2.35 to USD2.50. Analysts expect the company to report 2015 earnings per share of USD2.50. The company continues to expect full year 2015 net revenue yields on a constant currency basis to be up 3 to 4%, which excludes translational and transactional currency impacts, compared to the prior year.
Carnival Corp. expects non-GAAP earnings for the third quarter 2015 to be in the range of USD1.56 to USD1.60 per share. Analysts expect the company to report third-quarter earnings per share of USD1.70. The company expects third-quarter constant currency net revenue yields to be up 3 to 4% compared to the prior year.
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