NEW YORK (TheStreet) -- Shares of Carnival Corp (CCL) were down 1.04% to $49.40 in early market trading Tuesday, after the world's largest cruise operator released its second quarter earnings results this morning.
The company posted a profit of 25 cents per share on revenue of $3.59 billion for the quarter.
Carnival was expected to earn 16 cents per share on revenue of $3.563 billion, according to analysts surveyed by Thomson Reuters.
In addition, the company increased its full year 2015 earnings guidance to a range of $2.35 to $2.50 per share.
Analysts are expecting the company to report 2015 earnings of $2.50 per share.
For the third quarter, Carnival expects earnings to be in the range of $1.56 to $1.60 per share.
Analysts expect the company to report third-quarter earnings of $1.70 per share.
Miami-based Carnival is a cruise vacation company with three cruise segments.
The company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn.
Separately, TheStreet Ratings team rates CARNIVAL CORP/PLC (USA) as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CARNIVAL CORP/PLC (USA) (CCL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins."