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Why Carnival Stock Jumped Today

TheMotleyFool

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Why Carnival Stock Jumped Today: https://g.foolcdn.com/editorial/images/848316/ccl-carnival-cruise-line-ship-at-sunset-with-lights-on_carnival_cruise_lines_ccl.jpg

Shares of Carnival (NYSE: CCL)(NYSE: CUK) climbed on Friday after the cruise line announced record earnings and issued an upbeat forecast for the year ahead.

Image source: Carnival.

Carnival's fourth-quarter revenue rose 7% year over year to $6.3 billion. The company's net yields -- a key indicator of pricing power that subtracts certain variable costs from revenue per available passenger cruise day -- improved by 5.4% on a constant currency basis to $200.84.

Source Fool.com