Carnival Q1 Profit Rises

Carnival has reported its fiscal Q1 2013 results. For the quarter, revenues totaled $3.59 billion, incrementally higher from the $3.58 billion the company posted in the same period the previous year. Non-GAAP net profit was $65 million ($0.08 per diluted share). That EPS figure was $0.02 higher than the company's previous guidance. The net result was a five-fold increase from the $13 million ($0.02) of Q1 2012.

During the most recent quarter, Carnival was affected by a high-profile engine failure in one of its ships. In recent days, the company has suffered similar woes.

Going forward, the firm said that cumulative advance bookings for this year are lagging behind those of 2012. It expects fiscal 2013's diluted EPS to come in at $1.80-$2.10.

The article Carnival Q1 Profit Rises originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Carnival. The Motley Fool has no position in Carnival. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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