Carnival a lot more than doubles Q1 net revenue

Carnival Corp. said Friday that its initial-quarter net revenue rose to $ 49 million from $ 20 million the year just before.

Nevertheless, revenue declined to $ 3.5 billion from $ 3.6 billion.

"The year is off to a strong begin, reaching substantially greater earnings than the prior year and our previous guidance," stated CEO Arnold Donald in a statement. “Our onboard revenue initiatives drove especially powerful improvement in the initial quarter with onboard yields far more than 8% greater than prior year." 

While fuel consumption and fuel prices both declined, modifications in currency exchange rates lowered earnings by about six cents a share, which is equivalent to the entire profit in the quarter.

Carnival said that given that December, unfavorable currency exchange rates have lowered complete year 2015 earnings expectations by $ 219 million, or 28 cents per share. It stated this impact has been significantly offset by the improvement in operating efficiency, resulting in just a nickel reduction in its earnings forecast since the December update.

Carnival stated it expects to earn $ 2.30 to $ two.50 per share in 2015 on a non-GAAP accounting basis, compared up from $ 1.93 per share last year.

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Recents:
Spring Break! DIY Cover-ups, four Bikini Concepts + What to Bring: https://www.youtube.com/watch?v=mqUAF5kSExc&list=UUuVHOs0H5hvAHGr8O4yIBNQ&index=2

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