Carnival Corporation has reported net income of $1.1 billion . or $1.33 per share, on revenues of $4.3 billion for its third quarter ended Aug. 31, 2009, compared to net income of $1.4 billion, or $1.65 per share, on revenues of $4.8 billion for the same quarter last year.
According to Carnival, revenues were driven down by lower cruise ticket prices and onboard spending and unfavorable currency exchange rates. On the other hand, fuel prices were down 39 percent year-over-year.
Carnival also said that since June booking volumes for the remainder of 2009 and the first half of 2010 are running 19 percent ahead of the prior year but at lower ticket prices.
The company's full year earnings for 2009 have been increased to $2.16 to $2.20 compared to its previous guidance of $2.00 to $2.10. Q4 earnings are forecast to be in the range of $0.16 to $0.20 compared to $0.47 last year.