Carnival Corp.. releases 2nd Q 2009 numbers

[JoeyandDavid]

Carnival Corporation & plc reported net income of $264 million, or $0.33 diluted EPS, on revenues of $2.9 billion for its second quarter ended May 31, 2009. Net income for the second quarter of 2008 was $390 million, or $0.49 diluted EPS, on revenues of $3.4 billion.Carnival Corporation & plc Chairman and CEO Micky Arison indicated that operating results in the second quarter were better than the company's March guidance due primarily to lower than expected net cruise costs and better than expected pricing on close-in bookings. This was partially offset by higher fuel prices and the impact from disruptions of its Mexican cruises in response to the U.S. Centers for Disease Control (CDC) recommendations against non-essential travel to Mexico which reduced second quarter earnings by approximately $0.03 per share.

[lashl]

Profits were down but they still are making a profit. In today's economy that is not bad.

[zebra]

That's not too shabby.

[jacketwatch]

Thats great considering the economy. It seems that even at close out pricing which seems a steal they are still doing very well.

[hazelson]

Good for them!