Carnival ADRs Gain – Q4 Results Beat Views

American depositary shares of Carnival plc were up Tuesday morning after the cruise company reported fiscal Q4 results which beat views compiled by Capital IQ but issued downside guidance on Q1 and FY17 EPS.

For Q4 ended Nov. 30, adjusted EPS was $0.67 per share, up from $0.50 per share a year earlier and above the $0.58 per share consensus. Revenues rose to $3.94 billion from $3.71 billion a year earlier and just beat expectations for $3.92 billion.

For Q1, Carnival expects adjusted EPS of $0.31 to $0.35 per share, below the $0.41 per share average estimate.  For FY17, the company expects adjusted EPS of $3.30 to $3.60 per share, also below the $3.70 mean estimate.

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