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Stock Market & Financial Investment News

News Breaks
March 25, 2014
11:42 EDTNCLH, RCL, CCLCarnival 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).
News For CCL;RCL;NCLH From The Last 14 Days
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December 18, 2014
15:21 EDTCCLNotable companies reporting before tomorrow's open
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10:01 EDTRCLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bruker (BRKR) downgraded to Sell from Neutral at Goldman...Linear Technology (LLTC) downgraded to Sell from Neutral at Citigroup... Macerich (MAC) downgraded to Neutral from Buy at MLV & Co... BreitBurn Energy (BBEP) downgraded to Sector Perform from Outperform at RBC Capital... Oceaneering (OII) downgraded to Sector Perform from Outperform at RBC Capital... Oil States (OIS) downgraded to Sector Perform from Outperform at RBC Capital... Teradyne (TER) downgraded to Neutral from Buy at Citigroup... Volcano (VOLC) downgraded to Neutral from Buy at Roth Capital... XL Group (XL) downgraded to Market Perform from Outperform at Keefe Bruyette... Intuit (INTU) downgraded to Neutral from Outperform at Wedbush... Penn Virginia (PVA) downgraded to Market Perform from Outperform at Wells Fargo... Whiting Petroleum (WLL) downgraded to Market Perform from Outperform at Wells Fargo... Time Warner Cable (TWC) downgraded to Neutral from Buy at BTIG... Royal Caribbean (RCL) downgraded to Sell from Hold at DNB Markets... Silicon Image (SIMG) downgraded to Market Perform from Outperform at Northland.
09:17 EDTNCLHNorwegian Cruise Line downgraded to Hold from Buy at DNB Markets
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09:14 EDTNCLH, CCL, RCLCruise sector won't benefit from Cuba deal for several years, says Wells Fargo
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09:10 EDTNCLHNorwegian Cruise Line downgraded to Hold from Buy at DNB Markets
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09:10 EDTRCLRoyal Caribbean downgraded to Sell from Hold at DNB Markets
DNB Markets downgraded Royal Caribbean to Sell based on share outperformance, increasing industry capacity growth, and a muted start to 2015 for yields.
06:52 EDTCCLCarnival December volatility elevated into Q4 results and booking outlook
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December 17, 2014
16:27 EDTRCL, NCLH, CCLOn The Fly: Closing Wrap
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12:57 EDTNCLH, CCL, RCLOn The Fly: Midday Wrap
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12:17 EDTCCL, RCL, NCLHEasing of Cuba restrictions pushes number of stocks higher
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December 14, 2014
18:45 EDTRCL, NCLH, CCLCarnival, Royal Caribbean could climb 20%, Barron's says
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December 11, 2014
15:35 EDTNCLHThree dead after fire on Norwegian cruise ship, Cruise Critic says
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December 5, 2014
05:22 EDTNCLHNorwegian Cruise Line announces exclusive partnership with Margaritaville
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