Carnival Q3 Profit Up 21.5%; Lifts FY10 View – Update

Carnival Corp. & plc, Tuesday reported a 21.5% increase in third quarter profit, helped by strong improvements in cruise ticket prices, despite persisting economic weakness. Earnings fell short of estimates, while revenues came in above marginally. Considering the current fuel price levels and currency exchange rate, the cruise operator said it expects its fourth quarter earnings to come in below estimates,however, lifted its full year view expecting strength in the booking environment.

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