Carnival Corp announced stronger-than-expected results on Thursday, though its share price sank 4.6% after it revealed a fourth quarter forecast below Wall Street estimates.
The New York-listed cruise giant expects earnings of $0.65 to $0.69 cents per share in the fourth quarter, well below the consensus analyst expectation calling for $0.73.
Rising fuel prices and a strong dollar led to the revised fourth quarter numbers.
For the third quarter, Carnival posted an adjusted net income of $1.7bn, or $2.41 diluted earnings per share. That's higher than the $1.3bn, or $1.83 diluted EPS, in the same period of last year and was ahead of the analyst consensus of $2.32 in EPS.
The Arnold Donald-led company earned $5.8bn in revenue, higher than the $5.5bn booked last year.
