Carnival Beats Q2 Estimates

Carnival reported Q2 adjusted EPS $0.52 versus $0.49 for the same period last year. This beat the $0.48 Capital IQ estimate. Revenue for the quarter came in at $3.95 billion, up from $3.71 billion in the prior year. This was ahead of the $3.89 billion Capital IQ estimate. ADRs were up 0.5% in recent pre-market trade.

The company says it expects Q3 adjusted earnings per share in the range of $2.16 to $2.20. The Street is at $2.14.
For FY17, Carnival now expects adjusted EPS of $3.60 to $3.70 per share, compared to a prior outlook for $3.50 to $3.70 per share, which is still below the $3.71 per share consensus.

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