Carnival beats by $0.09, reports revs in-line; guides AugQ EPS below consensus; guides FY18 EPS below consensus
- Reports Q2 (May) earnings of $0.68 per share, excluding non-recurring items, $0.09 better thanthe Capital IQ Consensus of $0.59; revenues rose 10.4% year/year to $4.36 bln vs the $4.32 bln Capital IQ Consensus.
- Co issues downside guidance for Q3 (Aug), sees EPS of $2.25-2.29, excluding non-recurring items, vs. $2.48 Capital IQ Consensus Estimate.
- Co issues downside guidance for FY18, sees EPS of $4.15-4.25, excluding non-recurring items, vs. $4.36 Capital IQ Consensus Estimate.
- 2018 Outlook: Cumulative advanced bookings for the next three quarters are in line with the prior year at higher prices. Since March, booking volumes for the next three quarters have been running slightly ahead of prior year at prices that are in line with the prior year.
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