Carnival Profit More than Doubles

Posted by Eric Haun
Tuesday, June 24, 2014
Carnival Liberty (Photo courtesy of Carnival Corp)

Carnival Corp, the world's largest cruise operator, said its quarterly profit more than doubled as costs fell.

Net income rose to $106 million, or 14 cents per share, in the second quarter ended May 31, from $41 million, or 5 cents per share, a year earlier.

Excluding items, the company earned 10 cents per share.

Revenue rose 4 percent to $3.63 billion.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian)

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