Stock Market & Financial Investment News

News Breaks December 20, 2012 09:50 EDT CCL, RCL Carnival declines after 2013 outlook misses expectations Cruise ship operator Carnival (CCL) is retreating after the company predicted that its earnings per share in 2013 would be lower than consensus expectations. Since September, booking trends for the first three quarters of next year are unchanged compared with this year, Carnival reported. The company, however, said it was selling tickets at lower prices. The deteriorating economic situation in Europe is hurting Carnival's business there, the company added. On a positive note, Carnival reported that its results for the fourth quarter of this year did beat analysts' consensus estimates. In early trading, Carnival sank $1.86, or 4.76%, to $37.18, while Carnival's competitor, Royal Caribbean (RCL) gave back $1.17, or 3.33%, to $33.97. News For CCL;RCL From The Last 14 Days Check below for free stories on CCL;RCL the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 22, 2013 10:00 EDT CCL On The Fly: Analyst Downgrade Summary Subscribe for More Information 06:22 EDT RCL Royal Caribbean vote has CEO against major holder, Bloomberg reports Subscribe for More Information 05:41 EDT CCL Carnival downgraded to Neutral from Overweight at HSBC Subscribe for More Information May 21, 2013 17:43 EDT CCL Moody's places Carnival's A3 rating on review for possible downgrade Moody's Investors Service placed Carnival Corporation's A3 senior unsecured rating under review for possible downgrade. This action reflects the company's announcement that net revenue yields are expected to decline between 2 -- 3% in 2013 resulting in profitability metrics and leverage that will be higher than previously anticipated. Carnival's short-term rating of Prime-2 is affirmed reflecting Moody's expectation that Carnival will generate slightly positive free cash flow after required debt amortization, capital spending ,net of ship commitments, and dividends over the next 12 -- 18 months. 16:26 EDT CCL On The Fly: Closing Wrap Subscribe for More Information 12:36 EDT CCL On The Fly: Midday Wrap Subscribe for More Information 10:00 EDT CCL On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. 09:37 EDT RCL, CCL Cruise operaters retreat after Carnival cuts earnings guidance Subscribe for More Information 09:25 EDT CCL, RCL On The Fly: Pre-market Movers Subscribe for More Information 07:59 EDT CCL Carnival volatility low into cutting 2013 guidance on weak revenue Subscribe for More Information 07:28 EDT CCL Carnival downgraded to Market Perform from Outperform at Wells Fargo Subscribe for More Information 06:54 EDT CCL Carnival downgraded to Market Perform from Outperform at William Blair William Blair downgraded Carnival after the company lowered its FY13 net yield and earnings expectations. Note shares were also downgraded this morning at UBS. 06:19 EDT CCL Carnival downgraded to Neutral from Buy at UBS Subscribe for More Information May 20, 2013 19:01 EDT CCL On The Fly: After Hours Movers Subscribe for More Information 17:29 EDT CCL Carnival backs Q2 EPS view of 4c-8c, consensus 7c Subscribe for More Information 17:27 EDT CCL Carnival lowers FY13 EPS to $1.45-$1.65 from $1.80-$2.10, consensus $1.97 Current cruise ticket pricing for the company has driven higher booking volumes however, at the same time, it has led to lower than anticipated net revenue yields which has resulted in reduced earnings guidance. The company now expects FY13 net revenue yields to be down 2%-3% compared to the previous flat yield guidance for the year. In addition, voyage cancellations beyond those incorporated in the company's previous earnings guidance, as well as increased selling and administrative costs, are expected to reduce earnings by approximately 10c per share. May 16, 2013 09:59 EDT RCL Royal Caribbean Vice Chairman, CFO Rice to retire in 2014 Royal Caribbean announced that Brian Rice, Vice Chairman and CFO of Royal Caribbean Cruises, will transition his CFO responsibilities to Jason Liberty as he prepares for his retirement in the spring of 2014. Rice will continue to serve as Vice Chairman until his retirement. In a related move, Jason Liberty has been named the new CFO, effective immediately, and will continue to report to Rice. Liberty joined Royal Caribbean in 2005 and most recently served as Senior Vice President, Strategy and Finance. May 15, 2013 07:44 EDT RCL Royal Caribbean price target raised to $44 from $40 at Argus Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.