Carnival Corp. shares are up nearly 1% in early Monday trading after the cruise company reported third-quarter net income of $1.4 billion, or $1.93 per share, up from $1.2 billion, or $1.56 per share last year. Adjusted earnings were $1.92 per share, beating the $1.89 per share FactSet consensus. Revenue for the quarter was $5.10 billion, up from $4.90 billion last year and ahead of the $5.07 billion projected by FactSet. Carnival increased its full-year 2016 adjusted earnings per share guidance to a range of $3.33 to $3.37 from a range of $3.25 to $3.35. Full-year 2015 adjusted earnings were $2.70 per share. It expects fourth-quarter earnings in the range of 55 cents to 59 cents per share, up from 50 cents per share last year. Carnival shares are down 12.4% for the year so far while the S&P 500 Index is up 5.4% for the period.
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