Items Tagged with 'Carnival financial impact'

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On September 25, 2012, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced non-GAAP net income of $1.2 billion, or $1.53 diluted earnings per share, for the third quarter of 2012. Reported U.S. GAAP net income, which includes unrealized gains on fuel derivatives of $136 million, was $1.3 billion, or $1.71 diluted earnings per share. Net income for the third quarter of 2011 was $1.3 billion, or $1.69 diluted earnings per share. Revenues for the third quarter of 2012 were $4.7 billion compared to $5.1 billion for the prior year.

On June 22, 2012, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced non-GAAP net income of $159 million, or $0.20 diluted earnings per share for the second quarter of 2012.

On March 9, 2012, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced non-GAAP net income of $13 million, or $0.02 diluted earnings per share for the first quarter of 2012. 

On March 9, 2012, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced non-GAAP net income of $13 million, or $0.02 diluted earnings per share for the first quarter of 2012. 

The recent unfortunate accident involving the Costa Concordia cruise ship, which is owned by a subsidiary of Carnival Corp., raises an important investing question: Should you bail out of a stock if the company is affected by a serious negative event? Unless the event could be part of a series or trend, the answer is usually “no,” for two reasons.

On January 16, 2012, in accordance with financial disclosure requirements, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), which is the parent company of Costa Cruises, issued the following statement: The company has insurance coverage for damage to the vessel with a deductible of approximately $30 million as well as insurance for third party personal injury liability subject to an additional deductible of approximately $10 million for this incident.