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Carnival PLC profit beats consensus by 35.6% in fiscal Q2

Carnival PLC said its normalized net income for the fiscal second quarter ended May 31 came to 50 cents per share, compared with the S&P Capital IQ consensus estimate of 37 cents per share.

EPS rose year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $379.4 million, a gain from $141.3 million in the prior-year period.

The normalized profit margin rose to 10.2% from 3.9% in the year-earlier period.

Total revenue climbed year over year to $3.71 billion from $3.59 billion, and total operating expenses declined 7.8% from the prior-year period to $3.06 billion from $3.31 billion.

Reported net income increased year over year to $602.4 million, or 80 cents per share, from $226.2 million, or 29 cents per share.