September 26, 2019 / 1:22 PM / 2 months ago

Cruise operator Carnival cuts 2019 profit forecast

Sept 26 (Reuters) - Cruise operator Carnival Corp cut its full-year profit forecast on Thursday as it expect to take a hit from higher fuel prices.

The company said it now expects adjusted earnings of $4.23 to $4.27 per share in 2019, down from an earlier forecast of $4.25 to $4.35 per share.

“Due to an $0.08 impact from the recent spike in fuel prices caused by geopolitical events, we are reducing our full year guidance for 2019 by $0.05 per share.” Chief Executive Officer Arnold Donald said in a statement. (Reporting by Akanksha Rana in Bengaluru; Editing by Anil D’Silva)

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