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Carnival Corp & plc Fourth Quarter Results
Carnival Corp & plc Fourth Quarter Results.
About this update from Carnival Plc
[{"type":"text","content":"\n \nCarnival Corporation & plc Reports Fourth Quarter And Full Year Earnings\n\nRecord fourth quarter and full year revenues\n\nMIAMI, Dec. 20, 2019 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the full year and fourth quarter ended November 30, 2019 and provided an outlook for the full year and first quarter 2020.\n\nKey Highlights\n\nFull Year 2019\n\n\nU.S. GAAP net income of $3.0 billion, or $4.32 diluted EPS, for the full year 2019, compared to U.S. GAAP net income for the full year 2018 of $3.2 billion, or $4.44 diluted EPS.\n\nRecord full year 2019 adjusted net income of $3.0 billion, or $4.40 adjusted EPS, compared to adjusted net income of $3.0 billion, or $4.26 adjusted EPS, for the full year 2018.\n\nAdjusted net income excludes net charges of $52 million for the full year 2019 and net gains of $123 million for the full year 2018.\n\nRecord total revenues for the full year 2019 were $20.8 billion, higher than $18.9 billion for the full year 2018. \n\n\nGross cruise revenues of $20.4 billion, higher than $18.6 billion for the prior year.\n\nIn constant currency, net cruise revenues of $16.0 billion, higher than $15.4 billion for the prior year, an increase of 4.0 percent.\n\n\n\n\nFourth Quarter 2019\n\n\nU.S. GAAP net income of $423 million, or $0.61 diluted EPS, for the fourth quarter of 2019, compared to U.S. GAAP net income for the fourth quarter of 2018 of $494 million, or $0.71 diluted EPS.\n\nFourth quarter 2019 adjusted net income of $427 million, or $0.62 adjusted EPS, compared to adjusted net income of $492 million, or $0.70 adjusted EPS, for the fourth quarter of 2018.\n\nAdjusted net income excludes net charges of $5 million for the fourth quarter of 2019 and net gains of $2 million for the fourth quarter of 2018.\n\nRecord total revenues for the fourth quarter of 2019 were $4.8 billion, higher than $4.5 billion for the fourth quarter of 2018. \n\n\nGross cruise revenues of $4.7 billion for the fourth quarter of 2019, higher than $4.4 billion for the fourth quarter of 2018.\n\nIn constant currency, net cruise revenues of $3.7 billion compared to $3.7 billion for the fourth quarter of 2018, an increase of 0.5 percent.\n\n\n\n\nFourth Quarter 2019 Results\n\nCarnival Corporation & plc President and Chief Executive Officer Arn...