Carnival Corporation & plc, the world’s large cruise shipping company, has reported a rise in net profit for the second quarter of its financial year to $222 million from $98 million in the same period last year. Revenues fell to $3.59 billion from $3.63 billion.
For the first six months of the current financial year, the net profit reached $271 million, up from $78 million in the same period a year earlier. Revenues declined to $7.12 billion from $7.22 billion.
Non-GAAP earnings per share came to $0.25 for the latest quarter, ip from $0.09 a year earlier, and also exceeded analysts abverage forecast of $0.16.
2Q Highlights
2Q net revenue yields (net revenue per available lower berth day or “ALBD”) in constant dollars increased 4.1% compared to the prior year, which was better than the company’s guidance of up 2 to 3 percent
2Q net cruise costs excluding fuel per ALBD in constant dollars increased 6.1% compared to the prior year primarily due to an increase in dry dock days and were better than March guidance, up 6.5 to 7.5% due to the timing of expenses between quarters
2Q non-GAAP earnings per share (diluted) of $0.25, compared to $0.09 for the prior year Outlook
At this time, cumulative advance bookings for the next three quarters are well ahead of the prior year at slightly lower prices due to transactional currency impacts
FY 2015 net revenue yields on a constant currency basis are expected to be up 3 to 4% compared to the prior year (up 2 to 3 % in constant dollars)
FY 2015 net cruise costs excluding fuel per ALBD in constant dollars are expected to be up approximately 3% compared to the prior year
FY 2015 non-GAAP earnings per share (diluted) expected to be in the range of $2.35 to $2.50, compared to $1.93 for 2014
3Q 2015 non-GAAP earnings per share (diluted) expected to be in the range of $1.56 to $1.60, compared to $1.58 for 3Q 2014
