Carnival Q1 Tops, Guides 2012 Down On Costa Shipwreck

Carnival's

first-quarter earnings beat Wall Street estimates despite a devastating shipwreck on its Costa line in which at least 25 people died. The company cut its 2012 outlook on the disaster. Carnival reported first-quarter profit sinking 89.5% vs. the prior year to 2 cents per share. Analysts were expecting an 8 cent loss. Revenue grew 4.8% to $3.58 million, over analyst estimates of $3.57 million. Shares were down 1.5% to 30.47...