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Carnival PLC fiscal Q4 profit climbs YOY

4203958 said its normalized net income for the fiscal fourth quarter ended Nov. 30, 2016, came to 53 cents per share, compared with the S&P Capital IQ consensus estimate of 58 cents per share.

EPS climbed year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $383.1 million, an increase from $156.9 million in the prior-year period.

The normalized profit margin increased to 9.7% from 4.2% in the year-earlier period.

Total revenue increased 6.0% on an annual basis to $3.94 billion from $3.71 billion, and total operating expenses decreased from the prior-year period to $3.28 billion from $3.42 billion.

Reported net income grew year over year to $607.3 million, or 83 cents per share, from $268.8 million, or 35 cents per share.

For the year, the company's normalized net income totaled $2.37 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.36.

EPS rose 65.8% from $1.43 in the prior year.

Normalized net income was $1.77 billion, an increase of 59.0% from $1.11 billion in the prior year.

ull-year total revenue rose from the prior-year period to $16.39 billion from $15.71 billion, and total operating expenses declined year over year to $13.37 billion fro Carnival PLC.