Carnival Corp has exceeded the market’s expectations by reporting its strongest ever quarterly earnings figure.

For the third quarter of 2016, the cruiseship owner booked adjusted net income of $1.42bn, against $1.37bn in the corresponding period of 2015.

Adjusted earnings per share of $1.92 beat the analysts’ consensus by four cents.

Arnold Donald, president of Carnival, said: “We delivered the strongest quarterly earnings in our company’s history affirming our ongoing efforts to expand consumer demand in excess of measured capacity increases and leverage our industry leading scale.”

Carnival