Carnival Corp. & Plc (CCL, CUK, CCL.L) Monday said it is lowering its full-year earnings outlook, primarily due to lower net revenue yield expectations.
Earnings for the fiscal 2013 is currently targeted in a range of $1.45 to $1.65 per share, down from the previous guidance range of $1.80 to $2.10 per share. Net revenue yields are expected to fall by 2 percent to 3 percent, from previous flat yield guidance range.
Analysts, based on consensus, currently expect the company to report full-year earnings of $1.97 per share on revenues of $15.84 billion.
The company has also confirmed that it expects second-quarter earnings in the range of $0.04 to $0.08 per share, despite slightly lower yield expectations. Analysts currently expect second-quarter earnings of $0.07 per share.
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