Q2 profit was a record $378m, or 52 cents per share, up from $370m, or 49 cents per share, in Q2 2016. US GAAP profit was $379m, or 52 cents per share, compared to $605m, or 80 cents per share, a year ago.
Adjusted net income excludes unrealized gains/losses on fuel derivatives and other net charges, which totaled gains of $1m for the recent quarter and $235m, or 31 cents per share, in Q2 2016.
Revenues were $3.9bn, up from $3.7bn in the prior year.
'Strong execution drove significant operational improvements, which more than offset the substantial drag from fuel and currency, leading to another second quarter adjusted earnings record,' president and ceo Arnold Donald said. He cited a more than 5% improvement in cruise ticket prices.
Currently, cumulative bookings for the next three quarters are higher at prices that are well ahead of the prior year. During the quarter, booking volumes for the next three quarters have been running in line with last year, also at prices that are well ahead.
Changes in fuel prices and currency exchange rates compared to the prior year are expected to decrease earnings by 35 cents per share.
Full year EPS are now expected in a range of $3.60 to $3.70 compared to the $3.72 consensus and March guidance of $3.50 to $3.70, and 2016 adjusted earnings per share of $3.45.
Q3 earnings are forecast in a range of $2.16 to $2.20, above the $2.14 consensus and versus Q3 2016 adjusted EPS of $1.92.
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