Carnival lowers profit expectations following incidents

21st May 2013
Carnival lowers profit expectations following incidents

Cruise giant Carnival Corp has lowered its profit forecast for the second half of financial 2013 after a series of high profile incidents hit prices.

In the most publicised incident, fire broke out on Carnival Triumph leaving passenger stranded in the Gulf of Mexico without power for five days.

The company already lowered its 2013 forecast in March, dropping an estimate of $2.20-$2.40 per share to $1.80-$2.10.

It has now revised its full-year earnings to be in the range of $1.45-$1.65 a share.

Carnival also confirmed that cancellations were higher than expected.

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