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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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March 27, 2015
09:18 EDTCCLCarnival: Cumulative advance bookings for remainder of 2015 ahead of prior year
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09:17 EDTCCLCarnival reports Q1 net revenue yields up 2%
Reports Q1 gross revenue yields down 3.1%. Reports Q1 net cruise excluding fuel per ALBD up 2.4%, primarily due to higher dry-dock costs and advertising expenses. Reports Q1 fuel prices down 38% to $406 per metric ton. Reports Q1 fuel consumption per ALBD down 3.7%.
09:16 EDTCCLCarnival reports Q1 non-GAAP EPS 20c, consensus 10c
Reports Q1 revenue $3.53B, consensus $3.57B
March 26, 2015
17:29 EDTCCLCarnival up almost 1% after annoucing plans to add cruise ships to fleet
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16:31 EDTCCLCarnival enters strategic partnership to add nine cruise ships to fleet
Carnival signed two strategic memorandums of agreement that will add a total of nine new cruise ships to the company's industry-leading fleet over a four-year period from 2019-2022. The shipbuilding agreements, which include options for additional ship builds in the coming years, are subject to several conditions, including satisfactory financing. Italian shipbuilder Fincantieri S.p.A and German shipbuilder Meyer Werft will each build new ships based on Carnival Corporation's next-generation ship designs, which will produce the most efficient ships in the company's history. The new ships are expected to serve established cruise markets in North America and Europe, as well as newer markets, including China. Each new ship will be specifically designed and developed for the brand and guests it will serve, and support the company's overall goal of exceeding guest expectations and further elevating every aspect of the guest experience. Fincantieri, the world's largest cruise ship building company, will develop and construct five ships at its shipyards in Monfalcone and Marghera, Italy.
15:28 EDTCCLCarnival (CCL) April 45 straddle priced for 5.8% movement into Q1
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15:20 EDTCCLNotable companies reporting before tomorrow's open
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March 25, 2015
09:31 EDTCCLCarnival names Julia Brown Chief Procurement Officer
Carnival (CCL; CUK) named Julia Brown to the newly created role of Chief Procurement Officer overseeing strategic sourcing and supplier relationship management. Brown most recently served as CPO on the global management team at Mondelez (MDLZ).
08:33 EDTNCLHCentury Casinos terminates concession agreements with Oceania, Several Seas
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06:53 EDTRCLRoyal Caribbean to expand Chinese operations, WSJ says
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March 23, 2015
13:20 EDTCCLCarnival volatility flat into Q1 and outlook
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10:00 EDTCCLOn The Fly: Analyst Downgrade Summary
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09:40 EDTRCLOppenheimer to hold a field trip
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05:30 EDTCCLCarnival downgraded to Hold from Buy at Deutsche Bank
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March 20, 2015
10:00 EDTRCL, NCLH, CCLOn The Fly: Analyst Initiation Summary
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06:20 EDTNCLHNorwegian Cruise Line initiated with an Outperform at Wedbush
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06:20 EDTRCLRoyal Caribbean initiated with a Neutral at Wedbush
Target $92.
06:20 EDTCCLCarnival initiated with a Neutral at Wedbush
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March 18, 2015
09:33 EDTRCLRoyal Caribbean initiated with a Buy at Buckingham
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07:17 EDTNCLHNorwegian Cruise Line price target raised to $60 from $51 at Credit Suisse
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