New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 25, 2014
11:42 EDTRCL, CCL, 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
Sign up for a free trial to see the rest of the stories you've been missing.
June 26, 2015
10:14 EDTCCLOptions with decreasing implied volatility
Subscribe for More Information
June 25, 2015
10:11 EDTCCLOptions with decreasing implied volatility
Subscribe for More Information
June 24, 2015
10:00 EDTRCLOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:20 EDTCCLCarnival investments bode well for longer-term trends, says Susquehanna
Susquehanna said Carnival reported solid Q2 results, citing strong demand and moderate supply growth through 2022. The firm expects demand to stay strong for the next few quarters and for the company's strategic investments to pay off in 2016. Susquehanna reiterated its Positive rating and $56 price target on Carnival shares.
June 23, 2015
18:44 EDTRCLRoyal Caribbean upgraded to Buy from Neutral at Goldman
Subscribe for More Information
10:44 EDTCCLCarnival says it is watching MERS situation closely
The company said it modified some ship itineraries due to the MERS outbreak. The modifications were made up on request.
10:18 EDTCCLCarnival sees $27M in restructuring expenses in 2015
Subscribe for More Information
10:14 EDTCCLCarnival 'focused' on double digit return on invested capital
Subscribe for More Information
10:10 EDTCCLCarnival says China growth prospects strong, to limit capacity elsewhere
Subscribe for More Information
09:21 EDTCCLCarnival reports Q2 net revenue yields up 4.1%
Subscribe for More Information
09:20 EDTCCLCarnival sees Q3 EPS $1.56-$1.60, consensus $1.70
Subscribe for More Information
09:19 EDTCCLCarnival raises FY15 non-GAAP EPS to $2.35-$2.50 from $2.30-$2.50
FY15 EPS consensus of $2.50. Backs FY15 net revenue yields to be up 3%-4%. Expects FY15 net cruise costs excluding fuel per ALBD to be up 3%, slightly higher than had been anticipated in March guidance due to increased investment in advertising.
09:17 EDTCCLCarnival says fleetwide booking volumes running ahead of last year
Subscribe for More Information
09:17 EDTCCLCarnival reports Q2 non-GAAP EPS 25c, consensus 16c
Subscribe for More Information
June 22, 2015
15:00 EDTCCLNotable companies reporting before tomorrow's open
Subscribe for More Information
14:36 EDTCCLCarnival technical comments ahead of earnings
Ahead of earnings the stock is ticking near its 52-week high which is at $50.65. This follows a recent breakout in price which cleared the prior high at $49.21. If the news is bullish, the breakout is likely to gain momentum. Additional upside levels to watch as potential upside objectives would be at $52.10 and $54.73. If the news is bearish, the following support levels could become downside objectives: $47.39, $46.74 which is the 50-day moving average, and $45.51.
10:00 EDTCCLOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:17 EDTCCLCarnival volatility flat into Q2 and booking outlook
Subscribe for More Information
08:02 EDTRCLRoyal Caribbean completes next phase of construction for Harmony of the Seas
Subscribe for More Information
07:08 EDTCCLCarnival upgraded to Buy from Hold at Deutsche Bank
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use