Carnival reports higher earnings - Hawaii News Now - KGMB and KHNL

Carnival reports higher earnings

MIAMI (HawaiiNewsNow) - Carnival Corp., world's largest cruise conglomerate, reports a $248 million profit for the fourth quarter, up 28% from the same period last year.

With the global economy slowly recovering, Carnival said Wednesday its quarterly revenue was up from last year by $200 million.

"An encouraging year," CEO Micky Arison said, noting that the full year saw 7% higher revenue - $14.5 billion - and 11% higher profits. The fourth quarter profit, however, was still slightly short of consensus expectations on Wall Street.

Carnival's fourth quarter at a glance:

  • Revenue: $3.5 billion. Year ago: $3.3 billion.
  • Net income: $248 million. Year ago: $193 million.
  • Per share: 31 cents. Year ago: 24 cents.

Apart from its eponymous brand, Carnival owns Holland America, Princess Cruises, Cunard Line and other cruise brands.

The company has about two thirds of the global cruise market. Royal Caribbean Cruises Ltd. is the second biggest player in the industry and Star Cruise, parent of NCL, is third.

Copyright 2010 by HawaiiNewsNow. All rights reserved.

  • Hawaii News Now headlinesNewsMore>>

  • Italy hunts for blame in bridge collapse that killed 39

    Italy hunts for blame in bridge collapse that killed 39

    Wednesday, August 15 2018 3:26 AM EDT2018-08-15 07:26:11 GMT
    Thursday, August 16 2018 12:20 AM EDT2018-08-16 04:20:46 GMT
    (Vigili Del Fuoco via AP). In this photo released by the Italian firefighters, rescue teams work among the rubble of the collapsed Morando highway bridge in Genoa, northern Italy, Tuesday, Aug. 14, 2018. A bridge on a main highway linking Italy with Fr...(Vigili Del Fuoco via AP). In this photo released by the Italian firefighters, rescue teams work among the rubble of the collapsed Morando highway bridge in Genoa, northern Italy, Tuesday, Aug. 14, 2018. A bridge on a main highway linking Italy with Fr...

    Rescue and recovery efforts continued through the night into the morning in Italy following the collapse of a highway bridge in Genoa, while authorities raised the death toll to 35 with three missing.

    More >>

    Rescue and recovery efforts continued through the night into the morning in Italy following the collapse of a highway bridge in Genoa, while authorities raised the death toll to 35 with three missing.

    More >>
  • Hawaii victim of 'predator priest' says abuse left her 'damaged'

    Hawaii victim of 'predator priest' says abuse left her 'damaged'

    Thursday, August 16 2018 12:11 AM EDT2018-08-16 04:11:55 GMT
    Father Robert Hannon, who died in 2006, is accused of being a sexual predator in an exhaustive report on sexual abuse in the Catholic Church. (Image: Hawaii News Now)Father Robert Hannon, who died in 2006, is accused of being a sexual predator in an exhaustive report on sexual abuse in the Catholic Church. (Image: Hawaii News Now)

    Lynne Jensen Andres was shocked Tuesday when she read her story in the landmark Pennsylvania grand jury reported concerning priest sex abuse.

    More >>

    Lynne Jensen Andres was shocked Tuesday when she read her story in the landmark Pennsylvania grand jury reported concerning priest sex abuse.

    More >>
  • WWII POWs buried as unknowns in Hawaii get memorial marker

    WWII POWs buried as unknowns in Hawaii get memorial marker

    Wednesday, August 15 2018 2:20 AM EDT2018-08-15 06:20:27 GMT
    Thursday, August 16 2018 12:02 AM EDT2018-08-16 04:02:38 GMT
    (AP Photo/Audrey McAvoy). In this Monday Aug. 13, 2018, photo, Daniel Crowley, a 96-year-old U.S. Army Air Corps veteran from World War II who was held by Japan as a prisoner of war in the Philippines and Japan, speaks during an interview in Honolulu. ...(AP Photo/Audrey McAvoy). In this Monday Aug. 13, 2018, photo, Daniel Crowley, a 96-year-old U.S. Army Air Corps veteran from World War II who was held by Japan as a prisoner of war in the Philippines and Japan, speaks during an interview in Honolulu. ...
    A 96-year-old former U.S. Army veteran who was held prisoner by Japan during World War II will help dedicate a memorial stone to other prisoners of war at a national cemetery in Honolulu.More >>
    A 96-year-old former U.S. Army veteran who was held prisoner by Japan during World War II will help dedicate a memorial stone to other prisoners of war at a national cemetery in Honolulu.More >>
Powered by Frankly