NEW YORK (TheStreet) -- The immediate impact the Brexit vote had on Carnival (CCL) - Get Report was in terms of currencies and that was reflected in the company's guidance going forward for the full year, Carnival CEO Arnold Donald said on CNBC's "Closing Bell" on Tuesday.
"We were able to maintain the midpoint of our guidance that [was] given in March despite a 17-cent drag from currency and rising fuel prices for the full year, so that means we were able to make that up largely through improved performance," he said.
Miami-based Carnival and their British cruise line, P&O, share ticket prices in the British pound.
"For U.K. residents who take advantage of the P&O cruise opportunity, you know, the currency situation for them is in the local currency," Donald told CNBC.
The company's European base brands use the euro currency which will not affect the individuals travelling on those cruise ships.
"Currencies go up [and] down. Our mission [is] to deliver return on capital. That's what we're focused on. We were accelerating towards that. Business is stronger and as indicated in the call our prices are up. Our booking curves are further out. Things are looking pretty bright," Donald said.
Carnival reported earnings of 49 cents per share, with a total revenue of $3.71 billion for the quarter that ended May 31 after the close today.
Shares of Carnival are up by 0.91% to $44.13 in after-hours trading Tuesday.
Donald expects to see a possible source market of guests wanting to avoid Istanbul for a short period of time, after the gun and bomb attack on the Istanbul Ataturk International airport on Tuesday, which reportedly killed 10 people.
Seperately, TheStreet Ratings team set this stock at a "buy" with a ratings score of B+. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CCL