Carnival Posts Gains In 3Q

MIAMI (CBSMiami.com) – The souring economy may be taking a chunk out of most people's pocketbook, but it's not impacting everyone's desire to get away as evidenced by Miami-based Carnival Corporation's latest numbers.

Carnival's third-quarter net income jumped three percent thanks to lower costs and strong ticket prices during the summer.

Carnival earned $1.34 billion, or $1.69 a share, for the period that ended August 31. Revenue jumped 12 percent to $5.06 billion. Analysts had forecast earnings of $1.64 a share on revenue of $4.9 billion.

Carnival said it will earn 26 to 30 cents per share in the fourth quarter and $2.40 to $2.44 per share for the year.

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