Carnival PLC said its normalized net income for the fiscal fourth quarter ended Nov. 30, 2015, came to 22 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

The per-share result swung to a profit from the prior-year loss of 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $169.4 million, compared with a loss of $26.9 million in the prior-year period.

The normalized profit margin climbed to 4.2% from negative 0.7% in the year-earlier period.

Total revenue came to $3.71 billion, compared with $3.72 billion in the prior-year period, and total operating expenses declined 7.7% year over year to $3.40 billion from $3.68 billion.

Reported net income totaled $268.8 million, or 35 cents per share, compared to a loss of $108.9 million, or a loss of 14 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled $1.44 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.58.

EPS rose 40.6% from $1.03 in the prior year.

Normalized net income was $1.12 billion, a rise of 40.8% from $798.8 million in the prior year.

Full-year total revenue declined year over year to $15.71 billion from $15.88 billion, and total operating expenses decreased year over year to $13.72 billion from $14.33 billion.

The company said reported net income grew 45.1% on an annual basis to $1.76 billion, or $2.26 per share, in the full year, from $1.21 billion, or $1.56 per share.