CARNIVAL CORP. reported record fourth quarter and full-year earnings last week, with net income up 23.8% to $416 million for the quarter and up 1.3% to $2.28 billion for its fiscal year 2006, which ended Nov. 30. Revenue for the quarter rose 9.3% to $2.8 billion, driven by a 5.5% increase in cruise capacity and better yields, the company said. For 2007, Carnival said that while pricing and bookings appeared to be down for the first quarter, the introduction of four ships and an 8.4% increase in capacity for the European market over the course of the year would drive earnings growth. Carnival said that its ship in China, the Costa Allegra, was underperforming, but that it intended to stay the course there.