Carnival Posts Third Straight Fall in Quarterly Revenue

Reuters

Carnival, the world's largest cruise ship operator, reported its third straight fall in quarterly sales as a stronger dollar reduced revenue from ticket sales.

The company's net income fell to $1.22 billion, or $1.56 per share, in the third quarter ended Aug. 31 from $1.24 billion, or $1.60 per share, a year earlier.

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Total revenue fell 1.3 percent to $4.89 billion. Ticket revenue fell 2.4 percent to $3.63 billion.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)