Carnival Corp. (CCL:NYSE)

Carnival Corp. has selected Discover The World Marketing Inc. as its partner in Indonesia to promote passenger sales representation.

Carnival Corp. reported consolidated earnings results for the third quarter and nine months ended August 31, 2009. For the quarter, the company reported net income of $1,073 million or $1.33 per diluted share on revenues of $4,139 million compared to net income of $1,333 million or $1.65 per diluted share on revenues of $4,814 million for the same period last year. Operating income was $1,196 million against $1,485 million for the same period a year ago. Income before income taxes was $1,097 million against $1,385 million for the same period a year ago. Cash from operations was $1,189 million against $1,064 million for the same period a year ago. Capital expenditures were $446 million against $1,130 million for the same period a year ago. For the nine months, the company reported net income of $1,597 million or $2.00 per diluted share on revenues of $9,951 million compared to net income of $1,959 million or $2.43 per diluted share on revenues of $11,344 million for the same period last year. Operating income was $1,860 million against $2,279 million for the same period a year ago. Income before income taxes was $1,605 million against $2,007 million for the same period a year ago. Cash from operations was $2,630 million against $2,879 million for the same period a year ago. Capital expenditures were $2,402 million against $2,723 million for the same period a year ago. The company now expects full year net revenue yields, on a constant dollar basis, to decrease 10%, at the better end of its previous guidance range of down 10% to 12%. The company forecasts a 14% decline in net revenue yields on a current dollar basis for the full year 2009 compared to 2008 caused by unfavorable movements in currency exchange rates. The company now forecasts full year 2009 earnings per share to be in the range of $2.16 to $2.20, compared to its previous guidance range of $2.00 to $2.10. Fourth quarter constant dollar net revenue yields are expected to decline in the 11% to 13% range (down 9% to 11% on a current dollar basis). Based on current fuel prices and currency exchange rates, the company expects earnings for the fourth quarter of 2009 to be in the range of $0.16 to $0.20 per share, down from $0.47 per share in 2008.

Carnival Corp. officially took delivery of its newest and largest ship, the 130,000-ton Carnival Dream. Carnival Dream departed for Rome (Civitavecchia), Italy, for its inaugural cruise, a 12-day Grand Mediterranean voyage departing Sept. 21-the first of three voyages within the region. The ship will then sail a trans-Atlantic crossing from Rome to New York followed by a special two-day cruise and two eight-day Caribbean voyages from the Big Apple. Carnival Dream will then reposition to Port Canaveral, Fla., for a special one-time nine-day voyage Dec. 3 before launching year-round seven-day Caribbean service Dec. 12.