Summary: Carnival's 2Q net income tops Street view

AP News
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Posted: Jun 21, 2011 10:40 AM
Summary: Carnival's 2Q net income tops Street view

THE PERFORMANCE: Carnival Corp. reported second-quarter net income of 26 cents per share on revenue of $3.62 billion. This surpassed analysts' expectations for 23 cents per share on revenue of $3.51 billion.

FUEL HEADACHE: Carnival said Tuesday that fuel prices climbed 35 percent from last year, costing it about 19 cents per share in the quarter.

LOOKING AHEAD: The Miami cruise operator lowered its 2011 earnings forecast to $2.40 to $2.50 per share. Its previous outlook was $2.55 to $2.65 per share. Analysts previously expected $2.54 per share for the year.