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Carnival fiscal Q4 profit grows YOY

Carnival Corp. & PLC on Dec. 20 reported that adjusted net income for the fourth quarter ended Nov. 30 came to 70 cents per share, in line with the S&P Global Market Intelligence consensus normalized EPS estimate of 70 cents per share.

EPS increased 11.1% year over year from 63 cents.

Adjusted net income totaled $492.0 million, growth of 9.23% from $452.0 million in the prior-year period.

For the year, the company's adjusted net income totaled $4.26 per share, compared with the S&P Global Market Intelligence consensus normalized EPS estimate of $4.25.

EPS rose from $3.82 in the prior year.

Adjusted net income rose to $3.03 billion from $2.77 billion in the prior year.

The company expects adjusted EPS in the range of 40 cents to 44 cents for the fiscal first quarter of 2019. Carnival also expects adjusted EPS in the range of $4.50 to $4.80 for fiscal 2019.

For the fiscal fourth quarter, Carnival declared a dividend of 50 cents, up from 45 cents in the year-ago period. For fiscal 2018, the dividend was $1.95, up from $1.60 in fiscal 2017.