Jim Cramer Says There's A Lot to Like About Carnival Cruise

Carnival Corp. on Tuesday reported a 34% increase in earnings for its latest quarter and raised its outlook for the year. Jim Cramer says he likes the Carnival Cruise quarter for various reasons - fuel prices are down, onboard spending was up, there was stronger performance in its Asia division and rates in Europe have moved higher. The cruise line has also managed to win back customers following a series of mishaps including the wreck of the Costa Concordia in 2012. Cramer says the cruise industry is terrific and now Carnival is catching up with the rest of the cruise companies. Profit for Carnival came in at $1.58 a share, much better than the expected $1.44.