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Stock Market & Financial Investment News

News Breaks
December 20, 2012
09:50 EDTRCL, CCLCarnival 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
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August 28, 2015
08:49 EDTCCLCarnival expects to carry 400K passengers from Crescent City
Carnival Cruise Line continues to expand its presence at the port and expects to carry a record 400,000 passengers from the Crescent City this year. Currently, Carnival's two New Orleans-based ships include the 3,646-passenger Carnival Dream, offering seven-day Caribbean cruises, and the 2,052-passenger Carnival Elation sailing four- and five-day cruises to Mexico. Carnival will increase capacity on short cruises from New Orleans by 34 percent when the 2,758-passenger Carnival Triumph replaces Carnival Elation next spring.
August 25, 2015
08:23 EDTCCL, RCLCarnival, Royal Caribbean estimates raised at William Blair
William Blair analyst Sharon Zackfia raised her estimates for both Carnival (CCL, CUK) and Royal Caribbean (RCL) citing recent declines in fuel prices and the weaker dollar. Zackfia said that she continues to prefer Royal Caribbean, on which the firm has an Outperform rating, to Carnival, but added that she is encouraged by the improvement in trends this year at the latter.
August 23, 2015
14:06 EDTCCL, RCLCruise industry headed for jump in profits, Barron's says
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