Investing.com - Cruise line company Carnival (NYSE:CCL) shot up in midday trading Friday as investors cheered a strong earnings report accompanied by bullish guidance.
Share rose 8.4%.
Carnival (NYSE:CCL) reported fiscal fourth-quarter earnings of 62 cents per share on revenue of $4.78 billion. Analysts were predicting a profit of 52 cents a share with revenue of about $4.6 billion, according to forecasts compiled by Investing.com.
Looking ahead, Carnival (NYSE:CCL) said it expects to earn 47 to 51 cents per share in its fiscal first quarter, higher than the 42 cents per share consensus from S&P Capital IQ.
Guidance for the full year was for earnings of $4.30 to $4.60 per share, in line with expectations.