Carnival Corp. said discounts it offered to boost booking led to “lower than anticipated net revenue yields.” It now expects 2013 net revenue yields to be down 2 to 3 percent, not flat, as previously forecast. More trip cancellations that previously predicted, plus higher selling and administrative costs, are expected to cut full-year earnings per share to a range of $1.45 to $1.65, versus previous guidance of $1.80 to $2.10.
Carnival Corp. stock declines
