Carnival Corporation - positive financial results

By Finance

Good results for this year's financial report for Carnival.
Carnival Corporation & plc announced non-GAAP net assets of $159 million, or $0.20 diluted gain per share for the last 3 months of this year. Information for U.S. GAAP net income, which includes unrealized losses on fuel derivatives of $145 million, was $14 million, or $0.02 diluted earnings per share. Net income for the the same time for last year was $206 million, or $0.26 diluted EPS. Money for the second quarter of 2012 were $3.5 billion compared to $3.6 billion for the prior year.
Carnival Corporation & plc Chairman and CEO Micky Arison announced that non-GAAP earnings were much better than expected in the company's March guidance due to a composition of higher than wanted revenue yields and lower than expected costs, at least attributed to non-recurring items, in the second quarter.
In reference to April, May and June this year, Cruise ticket prices (not including Costa) were firm close to sailing which, in combination with stronger than wanted onboard revenues, made yields above prior year levels.