Carnival Corp & Plc (CCL.N) (CCL.L), the world's largest cruise operator, reported a drop in quarterly profit on Friday as lower cruise ticket prices hurt revenue.
Miami-based Carnival reported net income of $193 million, or 24 cents a diluted share, for the fourth quarter ended November 30, down from $371 million, or 47 cents a share, a year earlier.
The average analyst estimate for Carnival's fourth quarter results was 20 cents per share, according to Thomson Reuters I/B/E/S.
Revenue fell about 3 percent to $3.2 billion from $3.3 billion a year earlier.
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