| Carnival Corp.
Earnings Call |
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Carnival Earnings Call, Second Quarter 2008
5th July 2008 00:00 AM |
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| Despite the current tough economic environment, the booking trends continued solid and consumers appear to be more cost conscious. |
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| The largest cruise vacation group reported net income of $390 million on revenues of $3.4 billion for its second quarter ended May 31, 2008. The net income for the second quarter of 2007 was $390 million on revenues of $2.9 billion. The net revenue yield for the second quarter increased 7.3% and gross revenue yields firmed 7.6%. The management now forecasts a 4.5% to 5.5% improvement in net revenue yields for the full year 2008 versus fiscal 2007. |
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Carnival Corporation First Quarter Earnings Call
8th May 2008 00:00 AM |
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| The continued recovery in some businesses and brands, bolstered by a firming euro and sterling, despite rising fuel prices, led to revenue growth. |
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| The cruise vacation group reported income of $236 million or 30 cents a share, on revenues of $3.2 billion, down 17% from $283 million, or 35 cents a share in 2007. The overall performance was more than offset by continually rising fuel prices, which cost the company $156 million or 19 cents a share. The firm reduced its EPS guidance range due to lower expected revenue yields, the deferral of the fuel supplement revenue and the higher forecasted fuel cost for the remainder of the year. |
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Carnival Fourth Quarter Earnings Call
26th December 2007 00:00 AM |
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| Due to higher fuel prices, the net income dropped to $358 million from $416 million in the prior year quarter. |
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| The cruise operator reported revenue of $3.1 billion as against $2.8 billion, on 4.9% net revenue yields in current dollars. In the quarter, Carnival took delivery of 90,000 ton Queen Victoria for its Cunard brand and it has ordered six new ships, five for European brands and one for its North American brand. The firm repurchased 5 million shares at a cost of $220 million and increased its dividend by 5 cents per share or the equivalent of 20 cents per share on an annual basis. |
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Carnival Third Quarter Earnings Call
24th September 2007 00:00 AM |
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| Profit rose 12% to $1.38 billion, as capacity was moved to Europe and a modest recovery from weak pricing in the Caribbean market. |
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| The cruise operator’s revenue rose 10% to $4.32 billion as the number of passengers aboard its ships increased 9.5%. North American brands enjoyed strong European season, a solid Alaska season, and a modest year over year improvement in revenue yields in the Caribbean. The company has repurchased 4.5 million shares of its stock for approximately $195 million since the beginning of Q3. For Q4, earnings are expected to be in the range of 42 cents to 44 cents per share. |
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