Carnival Buoyed By Earnings

Yesterday, Carnival Corporation & plc posted non-GAAP net income of $98 million, or $0.13 diluted EPS, for the fourth quarter of 2012. Reported U.S. GAAP net income, which included net unrealized losses on fuel derivatives of $5 million, was $93 million, or $0.12 diluted EPS. Net income for the fourth quarter of 2011 was $217 million, or $0.28 diluted EPS. Revenues for the fourth quarter of 2012 were $3.6 billion compared to $3.7 billion for the prior year.