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Carnival Lowers Guidance, Rising Fuel Costs |
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Author: 123jump.com Staff
123jump.com
Last Update: 6:06 PM EDT March 21 2008
Carnival Corp, the largest cruise liner reported first quarter 2008 revenue increase of 17% to $3.15 billion and net income decline of 17% to $236 million. Earnings per share declined to 30 cents compared to 35 cents a year ago. Carnival lowered its earnings guidance to between 42 cents and 44 cents from 48 cents in the second quarter. Higher fuel costs are taking a big bite out of the rising berth yields on weak dollar. |
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