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Stock Market & Financial Investment News

News Breaks
March 25, 2014
11:42 EDTCCL, RCL, 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
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October 1, 2014
06:53 EDTCCLCarnival volatility flat on wide price movement
Carnival October call option implied volatility is at 23, November and January is at 22; compared to its 26-week average of 22 according to Track Data, suggesting non-directional price movement.
September 29, 2014
11:15 EDTCCLOptions with decreasing implied volatility
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September 25, 2014
10:33 EDTCCLOptions with decreasing implied volatility
Options with decreasing implied volatility: VHC RPRX SFLY VNET YHOO RHT KMX BBBY CCL ACN
September 24, 2014
07:11 EDTCCLCarnival demand, pricing trends appear set to rebound, says Stifel
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September 23, 2014
11:32 EDTCCLCarnival says COO Buckelew expands role, relocating to China
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10:47 EDTCCLCarnival sees 2014 CapEx around $3B, similiar in 2015 and 2016
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10:27 EDTRCL, NCLH, CCLCarnival signs of Caribbean recovery bodes well for peers, says Wells Fargo
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10:25 EDTCCLCarnival sees higher dry-dock expense in 2015 as 10c headwind
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09:21 EDTCCLCarnival reports Q3 net revenue yields up 1.8%
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09:20 EDTCCLCarnival sees Q4 non-GAAP EPS 15c-19c, consensus 21c
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09:20 EDTCCLCarnival sees FY15 net cruise costs excluding fuel per ALBD to increase 3%
The increase will be due primarily to a significantly higher level of dry-dock days scheduled next year to install new air emissions technology as well as other technology designed to improve fuel efficiency. The company expects the exhaust gas cleaning system or scrubber technology will be installed on approximately 70 percent of its fleet by 2016, thus enabling the company to meet the 2015 stricter air emissions standards as well as mitigate escalating fuel costs that will result from the new requirements. The company anticipates the new regulations will result in higher fuel costs in 2015 of approximately $0.10 per share with that increase expected to be reduced by half in 2016 and mostly offset in 2017 based on the system roll-out. Also, in 2016, the company will revert back to a more normalized dry-dock schedule, which will offset approximately half of the increase in 2015 net cruise costs excluding fuel.
09:19 EDTCCLCarnival raises FY14 EPS to $1.84-$1.88 from $1.60-$1.75, consensus $1.75
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09:17 EDTCCLCarnival: Strong close-in demand, higher onboard spending drove Q3 results
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09:16 EDTCCLCarnival reports Q3 EPS $1.58, consensus $1.44
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September 22, 2014
15:06 EDTCCLNotable companies reporting before tomorrow's open
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12:28 EDTCCLCarnival technical notes ahead of earnings
In the past three months the shares have performed inline with the broader averages. The trend has been strongly up since the low of early August and the shares are trading near the 52-week high of $41.89. That high would be a highly probable upside objective on a positive surprise. On better than expected news that strongly exceeds expectations there would be room for a breakout in price. Next resistance levels as potential upside objectives depending on the degree of positive surprise would be at $42.67, $44.42, and $46.86. If the news fails to meet expectations, downside objectives could be at the following support levels: $38.24, $36.54, and $35.64. There is a small short-base in the shares which could exacerbate downside reactions in the event of a negative surprise.
07:15 EDTNCLHNorwegian Cruise Line pricing improving, says Wells Fargo
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September 19, 2014
11:18 EDTCCLCarnival October volatility elevated into Q2 and outlook
Carnival October call option implied volatility is at 26, January is at 21; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 23.

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