Carnival : Good Q3 and FY18 guidance in line but short-term trading is disrupted by the impact of the 2017 hurricanes
>Q3 18 results slightly better than expected - Q3 18 EPS came to $Â 2.36, around 2% above the consensus at $Â 2.32 (guidance $Â 2.25/2.29). Yields rose 2.9%, in line with expectations (guidance +1.5/2.5%). Cruising costs excluding fuel increased by 2.7% (vs the consensus at +3.7% and the guidance of +3/4%).The increased FY18 guidance is in line, new buyback approved - Carnival slightly increased its guidance for EPS 2018 (+0.7%), now expected to be betwe...Carnival is a leisure travel and cruise company. Co. operates over 100 cruise ships within a portfolio of global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences. Co.'s North America cruise brands include Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn. Co. also has a Cruise Support segment that represents its portfolio of port destinations and private islands, which are operated for the benefit of its cruise brands. In addition to its cruise operations, Co. owns Holland America Princess Alaska Tours, the tour company in Alaska and the Canadian Yukon, which complements Co.'s Alaska cruise operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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