Carnival Profits Fall, Costly Second

Carnival Profits Fall, Costly Second Quarter

Wednesday, June 22, 2011

According to a report from the Miami Herald, soaring fuel costs, deployment changes and steep discounting took a chunk out of Carnival Corp.’s second-quarter profits, despite higher revenues year over year. The company earned $206m for the period that ended May 31, an 18% drop from $252m during the same time in 2010, but Carnival’s stock still gained $1.51, or 4.23%, to end trading at $37.24.

Source: Miami Herald

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