Carnival Slips To Loss In Q4; Sees FY15 Adj. EPS In Line - Quick Facts

(RTTNews) - Carnival Corporation & plc (CUK, CCL, CCL.L) reported that its fourth-quarter net loss was $102 million or $0.13 per share, compared to net income of $66 million or $0.08 per share in the same quarter last year.

The latest-quarter result included unrealized losses (non-cash) on fuel derivatives of $277 million, or $0.36 per share.

Non-GAAP net income for the quarter was $210 million or $0.27 per share up from $35 million or $0.04 per share in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $3.72 billion from $3.66 billion in the prior year. Wall Street expected revenues of $3.81 billion.

First quarter constant dollar net revenue yields are expected to be flat to up 1.0 percent compared to the prior year.

The company expects non-GAAP earnings for the first quarter 2015 to be in the range of $0.07 to $0.11 per share, compared to 2014 non-GAAP earnings of $0.00 per share. Analysts expects the company to report earnings of $0.10 per share for the first-quarter.

Based on current booking trends, the company forecasts full year 2015 net revenue yields, on a constant dollar basis, to be up approximately 2 percent compared to the prior year. First quarter revenue yields (constant dollars) are expected to be slightly higher than the prior year and improve during the remainder of 2015.

The company forecasts full year 2015 non-GAAP earnings per share to be in the range of $2.30 to $2.60, compared to 2014 non-GAAP earnings of $1.96 per share. Analysts expects the company to report earnings of $2.34 per share for fiscal 2015.