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Q1 2019 Carnival Corp & Carnival PLC Earnings Call Transcript
Good morning, everyone, and welcome to our first quarter 2019 earnings conference call. I'm Arnold Donald, President and CEO of Carnival Corporation & plc. Today, I'm joined by our Chairman, Micky Arison; as well as David Bernstein, our Chief Financial Officer; and Beth Roberts, Senior Vice President, Investor Relations. Thank you all for joining us this morning.
Before I begin, please note that some of our remarks on this call will be forward-looking. Therefore, I must refer you to the cautionary statement in today's press release.
We delivered first quarter adjusted earnings per share of $0.49. That's higher than the midpoint of December guidance by $0.07 per share and $0.03 per share lower than last year, which includes a $0.03 drag from fuel and currency. For the full year, we're updating our adjusted earnings guidance range, previously $4.50 to $4.80, now $4.35 to $4.55, to reflect the significant drag from fuel and currency moving against us, impacting our full year by $155 million or $0.22 per share since
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