Carnival Corp. says its fiscal fourth-quarter profit fell 48 percent as fewer travelers booked cruises during the recession, but lower fuel prices helped results top Wall Street expectations.
Profit dropped to $193 million, or 24 cents per share, from $371 million, or 47 cents per share, a year ago.
Revenue sank to $3.21 billion from $3.3 billion.
On average, analysts surveyed by Thomson Reuters forecast earnings per share of 20 cents on revenue of $3.2 billion.
The Miami-based company owns Carnival and Princess cruises, the Holland America Line and other cruise lines around the globe.
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