As this is posted on the eve of Christmas, Carnival gave their investors a Christmas present with a solid quarter.
The numbers break down:
Net income for Q4 of $248 million yielding 31 cent gain a share. This was just $0.01 below last quarters guidance. Good job by them.
Net Income for the year of $2 Billion.
Revenues for Q4 $3.3 Billion.
Revenues for the year of $14.5 Billion.
Carnival Chairman and CEO, and as my readers have known me to call him, smartest man in the industry, released the following statement.
All-in-all, 2010 was an encouraging year with improved business trends from a gradually recovering economy. We achieved an 11 percent increase in net income on 7 percent higher revenues. We recovered almost 3 points of revenue yield (constant dollars) from 2009’s levels, while improved processes and efficiencies led to a 3 percent reduction in unit costs excluding fuel.