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Stock Market & Financial Investment News

News Breaks
March 25, 2014
11:42 EDTCCL, RCL, NCLHCarnival sinks after narrowing full-year profit forecast
Shares of cruise line operator Carnival (CCL) are sinking after the company reported better than expected adjusted earnings but issued guidance that fell below analysts' consensus forecast. WHAT'S NEW: Carnival reported first quarter adjusted earnings per share of 0c, compared to analysts' consensus expectation for an 8c per share loss. The company's first quarter revenue of $3.59B edged out analysts' $3.56B expectation. The cruise company expects second quarter adjusted earnings to be between a 2c loss per share and a 2c gain, compared to analysts' consensus of 7c per share profit. For FY14, the company now sees earnings per share in the range of $1.50-$1.70, versus analysts' estimate of $1.73. In December of last year, Carnival had pointed toward FY14 EPS of $1.40-$1.80. Carnival said it continues to expect net cruise costs excluding fuel per ALBD for FY14 to be slightly higher than the prior year on a constant dollar basis. WHAT'S NOTABLE: During the company's first quarter earnings conference call, Carnival said it feels it will "turn a corner" in the second half of the year and that its brand perception has nearly recovered. The company believes that cautiously optimistic pricing will continue to improve and that it is encouraged by its progress, but acknowledged the company still has a lot of work to do. The company projects third quarter revenue yields to be positive and sees lower fourth quarter costs. PRICE ACTION: During late-morning trading, shares of Carnival fell $2.17 or 5.42% to $37.83. OTHERS TO WATCH: Other companies in the cruise industry include Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH).
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July 30, 2014
11:33 EDTCCLCarnival subsidiary announces plan to add new ship to fleet
Princess Cruises, a subsidiary of Carnival Corporation (CCL, CUK), announced that it has reached an agreement with the Italian shipbuilder Fincantieri to build a new ship, which will enter service in 2017. The as-yet unnamed 143,000-ton vessel, which will be built at an all-in cost of approximately 600 million euros, will carry 3,560 passengers. Specific features and amenities for the ship, along with deployment details, will be revealed in the coming months, the company said.
July 28, 2014
16:07 EDTNCLHNorwegian Cruise Line backs FY14 adjusted EPS view $2.20-$2.35, consensus $2.28
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16:05 EDTNCLHNorwegian Cruise Line sees Q3 adjusted EPS $1.05-$1.10, consensus $1.15
Sees Q3 adjusted net cruise cost excluding fuel per capacity day up 2%-3% as reported and at constant currency.
16:03 EDTNCLHNorwegian Cruise Line reports Q2 adjusted EPS 58c, consensus 57c
Reports Q2 revenue $765.9M, consensus $797.53M. The company said, "This quarter marks the first full quarter with both Breakaway-class ships in operation. Along with Norwegian Epic, these newer, premium, earnings-rich ships now comprise a little over a third of our capacity and contributed to the doubling of earnings in the quarter."
07:34 EDTRCLRoyal Caribbean price target raised to $68 from $57 at UBS
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July 24, 2014
13:26 EDTRCLRoyal Caribbean CEO says weakness in Caribbean 'temporary'
Fain said Europe has been "outstanding" this year and China business is "gangbusters" for the cruise line. Royal Caribbean CEO Richard Fain is speaking on CNBC.
08:39 EDTRCLRoyal Caribbean sees FY14 CapEx $1.4B
Sees capital expenditures for full year 2015, 2016, 2017 and 2018 are $1.4 billion, $2.2 billion, $0.3 billion and $1.5 billion, respectively. Capacity increases for 2014, 2015, 2016, 2017 and 2018 are expected to be 1.7%, 6.9%, 7.0%, 3.7% and 3.9%, respectively.
08:38 EDTRCLRoyal Caribbean sees Q3 adjusted EPS $2.20, consensus $2.11
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08:37 EDTRCLRoyal Caribbean raises FY14 adjusted EPS to $3.40-$3.50 from $3.20-$3.40
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08:36 EDTRCLRoyal Caribbean reports Q2 net yield up 2.6%; net cruise costs down 4.7%
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08:35 EDTRCLRoyal Caribbean reports Q2 adjusted EPS 66c, consensus 52c
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