CCL says Q2 gross revenue yields, as measured by revenue per available lower berth day, rose 2.7% Y/Y; in constant currency, net revenue yields rose 5.1%, better than March guidance of a 2.5%-3.5% increase.
Gross cruise costs including fuel per ALBD rose 3.2%; in constant currency, net cruise costs excluding fuel per ALBD gained 1.5%, in-line with March guidance of a 1.5%-2.5% increase.
CCL issues upside guidance for Q3, seeing EPS of $2.16-$2.20 vs. $2.14 analyst consensus estimate.
For FY 2017, CCL sees EPS of $3.60-$3.70 vs. its prior outlook of $3.50-$3.70 and $3.71 consensus, with higher cumulative bookings for the next three quarters at prices that are well ahead of the prior year.
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