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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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April 17, 2015
14:40 EDTRCLRoyal Caribbean May volatility elevated into Q1 and outlook
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April 13, 2015
13:30 EDTRCLCDC: Celebrity Infinity cruise ship reports illness affecting nearly 100 people
A gastrointestinal illness has hit nearly 100 people on Royal Caribbean's Celebrity Infinity cruise ship, according to a report from the Centers for Disease Control. Of the ship's 2,117 passengers, 95 have suffered from vomiting, diarrhea and other symptoms, the CDC said, adding that the illness has also affected five members of the 964-person crew. One CDC Vessel Sanitation Program environmental health officer and one epidemiologist will board the ship in San Diego, CA on April 13 to conduct an environmental health assessment and evaluate the outbreak and response activities. Specimens are being collected and will be tested by CDC to determine the causative agent for this outbreak.
April 7, 2015
10:05 EDTCCLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Carnival (CCL) upgraded to Outperform from Market Perform at Wells Fargo... Crown Castle (CCI) upgraded to Buy from Hold at Evercore ISI... Ctrip.com (CTRP) upgraded to Overweight from Neutral at Piper Jaffray... Demandware (DWRE) upgraded to Conviction Buy from Buy at Goldman... FirstEnergy (FE) upgraded at BofA/Merrill... Frontier Communications (FTR) upgraded to Neutral from Underperform at DA Davidson... JPMorgan (JPM) upgraded to Outperform from Market Perform at Bernstein... Pattern Energy (PEGI) upgraded to Outperform from Market Perform at Raymond James... Ralph Lauren (RL) upgraded to Buy from Outperform at CLSA... ResMed (RMD) upgraded to Outperform from Neutral at Credit Suisse... Ryanair (RYAAY) upgraded to Overweight from Neutral at JPMorgan... Splunk (SPLK) upgraded to Overweight from Neutral at Piper Jaffray... Total (TOT) upgraded at RBC Capital... Verifone (PAY) upgraded to Buy from Hold at Stifel... XL Group (XL) upgraded to Buy from Neutral at UBS.
05:42 EDTCCLCarnival upgraded to Outperform from Market Perform at Wells Fargo
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April 6, 2015
14:51 EDTCCLCarnival management to meet with JPMorgan
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