Benzinga Breaks Down Carnival's Q2 Earnings

• EPS $0.49 vs $0.39 est, up 96 percent YoY
• Sales $3.7B vs $3.68B est, up 2.8 percent YoY
• Carnival authorizes add’l $1B Share Repurchase
• Guides Q3 EPS of $1.83-$1.98 vs $1.98 est
• Narrows FY 2017 adjusted EPS forecast to $3.25-$3.35, from $3.20-$3.40, vs $3.39 est

Carnival Corp CCL's Q2 EPS is 29 percent above the high end of its guidance from the Q1 report. The company has shown itself to be quite shareholder friendly in 2016, as today’s news of a share buyback was preceded in April by an increase in the dividend. The yield now stands at 3.07 percent.

Shares of Carnival were up 4.8 percent at $45.75  in Tuesday's session.