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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).
News For CCL;RCL;NCLH From The Last 14 Days
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October 30, 2014
10:03 EDTCCLCarnival CEO Gerry Cahill to retire effective november 30
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October 29, 2014
16:14 EDTNCLHNorwegian Cruise Line sees FY14 adjusted EPS $2.28-$2.32, consensus $2.26
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16:14 EDTNCLHNorwegian Cruise Line sees Q4 adjusted EPS 37c-41c, consensus 37c
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16:13 EDTNCLHNorwegian Cruise Line reports Q3 adjusted EBITDA $326.7M, up 20.5%
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16:12 EDTNCLHNorwegian Cruise Line reports Q3 adjusted EPS $1.11, consensus $1.08
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October 24, 2014
08:45 EDTRCLRoyal Caribbean sell-off unwarranted, says Stifel
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October 23, 2014
14:44 EDTRCLRoyal Caribbean has a conference call hosted by UBS
UBS Analyst Farley hosts a conference call with CFO Jason Liberty and Laura Hodges, Investor Relations on October 23 at 3 pm.
08:38 EDTRCLRoyal Caribbean sees FY15 EPS $4.55, consensus $4.60
The company is experiencing strong early booking trends for 2015. Booked load factors and APDs are higher than same time last year and the booking window has extended. Europe sailings are off to a particularly good start, with strong booking trends from North America and from Europe. Caribbean pricing pressure continues through the first quarter, but we expect it to improve thereafter. The company has sufficient visibility into 2015 to say that it is comfortable with the Street consensus of $4.55 per share.
08:37 EDTRCLRoyal Caribbean sees Q4 adjusted EPS 35c-40c, consensus 46c
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08:36 EDTRCLRoyal Caribbean: Trajectory for 2014 continues along path described 3 months ago
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08:35 EDTRCLRoyal Caribbean sees FY14 $3.45, consensus $3.51
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08:35 EDTRCLRoyal Caribbean reports Q3 net yields up 4.2% on constant currency basis
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08:34 EDTRCLRoyal Caribbean: Early bookings for 2915 are robust
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08:34 EDTRCLRoyal Caribbean reports Q3 adjusted EPS $2.20, consensus $2.19
Reports Q3 revenue $2.39B, consensus $2.40B
October 19, 2014
13:39 EDTCCLCarnival cruise passenger tests negative for Ebola, Reuters says
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October 17, 2014
08:24 EDTCCLCarnival ship asked to return to U.S. over Ebola concern
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07:17 EDTNCLHNorwegian Cruise volatility elevated on sharp sell off
Norwegian Cruise November call option implied volatility is at 39, December is at 31, March is at 28; compared its 26-week average of 26 according to Track Data, suggesting large near term price movement.

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