Carnival Corporation

Carnival Corp. reports rising profit and revenue

Carnival Corp. reports rising profit and revenue

Following a wave of calamities at sea, Carnival Corp. reported strong profit and revenue in its fiscal second quarter, with bookings for the rest of the year on pace to surpass last year's numbers.

For the three months ended May 31, Carnival reported net income of $106 million, or 14 cents a share, compared with $41 million, or 5 cents, a year earlier.

Miami-based Carnival, the world's largest cruise line, reported a slight drop in bookings for the period but at higher prices. The cruise line also benefited from lower fuel costs and lower fuel consumption.

Revenue was $3.6 billion, compared with $3.5 billion the previous year.

"We believe we have reached a...

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