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Rough Seas Ahead For Carnival

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Rough Seas Ahead For Carnival
AIRED:
Lower oil prices helped push Carnival's second quarter earnings past analysts' estimates. But other numbers it posted were far less festive. The embattled cruise line operator's revenues fell two percent. And it signaled rough waters ahead. It warned that its advance bookings for the remainder of this fiscal year are running behind last year's pace, and it's commanding lower prices to boot. And it expects its costs to be as much as 4-1/2 percent higher this year.moreless

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