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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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August 3, 2015
07:36 EDTRCLRoyal Caribbean price target raised to $99 from $85 at SunTrust
SunTrust raised its price target on Royal Carribbean after the company reported much higher than expected EPS and in-line revenue. The firm says that the company is limiting the last minute discounts it offers, which SunTrust sees as a positive sign for the sector. It keeps a Buy rating on the shares.
07:21 EDTRCLRoyal Caribbean Q2 results positive, says Stifel
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July 31, 2015
15:28 EDTRCLRoyal Caribbean says company has been very transparent about plans
Royal Caribbean CEO speaking in a CNBC interview.
09:51 EDTRCLRoyal Caribbean hits fresh life high, levels to watch
Shares are up over 7.6% at time of writing to $89.10. At that price there is no resistance overhead other than the high of the day at $90.88. The gap up is a bullish breakaway gap which could see more price gains, unless the gap is filled. Support is at $88.14, the opening price of the day.
09:25 EDTRCLOn The Fly: Pre-market Movers
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08:09 EDTRCLRoyal Caribbean sees FY15 CapEx $1.6B
Based upon current ship orders, projected capital expenditures for full year 2015, 2016, 2017, 2018 and 2019 are $1.6B, $2.3B, $500M, $2.4B and $1.3B, respectively.
08:08 EDTRCLRoyal Caribbean sees Q3 adjusted EPS $2.70, consensus $2.78
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08:08 EDTRCLRoyal Caribbean reports Q2 net yields up 4.2% on constnat currency basis
Reports Q2 net cruise costs excluding fuel up 3.4% on constant currency basis.
08:08 EDTRCLRoyal Caribbean raises FY15 adjusted EPS to $4.65-$4.75 from $4.45-$4.65
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08:05 EDTRCLRoyal Caribbean reports Q2 adjusted EPS 84c, consensus 73c
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July 28, 2015
07:15 EDTCCLCarnival's Costa Cruises to build two new cruise ships
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July 23, 2015
12:54 EDTCCLCarnival to pay $405,000 in settlement with Justice Department
The Justice Department and Carnival announced a settlement agreement under the Americans with Disabilities Act to "advance equal access for individuals with disabilities who travel on cruise ships." Under the agreement, 42 existing ships, and 7 ships in various stages of design and construction, will be surveyed and remediated to comply with the ADA regulations. Carnival will pay a civil penalty of $55,000 to the United States and $350,000 in damages to individuals harmed by past discrimination.
08:39 EDTCCLCarnival to expand fleet in China from four to six ships in 2016
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05:36 EDTCCLCarnival signs agreement with Port Authority of Barcelona for new terminal
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July 21, 2015
12:01 EDTRCL, CCLRoyal Caribbean names Jim Berra Chief Marketing Officer
Royal Caribbean (RCL) has named Jim Berra Chief Marketing Officer. Jim will be responsible for all aspects of the cruise line's marketing program, including brand strategy and positioning, consumer and trade advertising, web and loyalty marketing, research, brand development and communications. Jim most recently served as senior vice president and Chief Marketing Office for Carnival Cruise Line (CCL) where he oversaw the company's advertising, public relations, customer marketing and digital efforts.
07:43 EDTNCLHNorwegian Cruise Line should report beat and raise results, says Stifel
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