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Stock Market & Financial Investment News

News Breaks
March 25, 2014
11:42 EDTCCL, NCLH, RCLCarnival 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 2, 2015
05:27 EDTRCLRoyal Caribbean to sell Splendour of the Seas
Royal Caribbean announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in 2Q16. The ship will then be leased to Thomson Cruises, which will operate the vessel. Splendour of the Seas will complete all scheduled open deployment, and no sailings will be altered or disrupted due to the sale. Her final sailing will commence on April 4, 2016, and all officers and crew will remain with the company and will be transferred to other vessels worldwide after the ship leaves the Royal Caribbean International fleet.
February 24, 2015
17:20 EDTRCLRoyal Caribbean files automatic mixed securities shelf
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10:00 EDTNCLHOn The Fly: Analyst Upgrade Summary
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06:31 EDTNCLHNorwegian Cruise Line to host investor and analyst meeting
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05:38 EDTNCLHNorwegian Cruise Line upgraded to Buy from Neutral at UBS
UBS upgraded Norwegian Cruise Line to Buy citing accretion from the Prestige acquisition and expectations for earnings growth. The firm raised its price target for shares to $55 from $39.
February 23, 2015
07:23 EDTNCLHNorwegian Cruise Line volatility flat into Q4 and outlook
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February 19, 2015
07:20 EDTNCLHNorwegian Cruise Line resumed with an Overweight at JPMorgan
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07:17 EDTNCLHNorwegian Cruise Line price target raised to $55 from $51 at Susquehanna
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February 18, 2015
12:09 EDTCCLCarnival plans $85M port in Dominican Republic
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February 17, 2015
18:36 EDTNCLHOn The Fly: After Hours Movers
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17:06 EDTNCLHNorwegian Cruise Line sees FY15 adj EPS $2.70-$2.90, consensus $2.72
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17:05 EDTNCLHNorwegian Cruise Line sees Q1 adj EPS 20c-24c, consensus 30c
Sees Q1 depreciation and amortization $80M-$85M and interest expense, net $55M-$60M.
17:03 EDTNCLHNorwegian Cruise Line reports Q4 adj. EPS 36c, consensus 37c
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15:32 EDTNCLHNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.

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