MIAMI (AP) — MIAMI (AP) — Carnival Corp. (CCL) on Friday reported a loss of $78 million in its fiscal first quarter.
On a per-share basis, the Miami-based company said it had a loss of 6 cents. Earnings, adjusted to extinguish debt, came to 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The cruise operator posted revenue of $5.81 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $5.74 billion.
For the current quarter ending in May, Carnival expects its per-share earnings to be 22 cents.
The company expects full-year earnings to be $1.83 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCL at https://www.zacks.com/ap/CCL
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.