Carnival Corporation has reported earnings per share of $0.19 for the first quarter ended Feb. 28, 2011, after the favorable impact of $0.10 per share of so-called unusual items. Adjusted earnings were $0.12 per share, compared to analysts’ consensus of $0.20 per share. The company cited higher fuel prices and itinerary changes in the Middle East and Northern Africa.
Carnival has also reduced its 2011 earnings forecast to $2.50 to $2.60 per share, down from $2.90 to $3.10.
In an unusual move, Carnival made the announcement without providing further details, and before hosting its usual conference call.