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January 28, 2014
07:54 EDTRCLTotal of ill Royal Caribbean cruise paseengers mounts, Reuters reports
Over 600 passengers and crew on a Royal Caribbean cruise ship are reported to be ill with gastrointestinal illness aboard the Explorer of the Seas, now expected to dock in New Jersey tomorrow, reports Reuters. Reference Link
News For RCL From The Last 14 Days
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September 24, 2015
16:23 EDTRCLRoyal Caribbean files to end secondary listing on Oslo Exchange
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September 22, 2015
11:39 EDTRCLCarnival sinks after quarterly profit outlook misses expectations
Shares of cruise line operator Carnival Corp (CCL, CUK) are lower in morning trading after the company reported third quarter GAAP earnings per share and revenue that declined from a year ago and its earnings outlook for the fourth quarter fell short of expectations. WHAT'S NEW: Carnival reported Q3 EPS, including unrealized losses on fuel derivatives of $137M, of $1.56 per share, down slightly from the year-ago period and below analysts' consensus estimates of $1.63; excluding items, EPS for the quarter was $1.75. Revenue for Q3 was $4.88B, below $4.95B a year ago, but above analysts' consensus estimate of $4.82B. Net revenue yields in the quarter increased 4.3% on a constant dollar basis, above the June guidance of a 2%-3% increase, while gross revenue yields fell 2.1% in current dollars. Carnival also said that net cruise costs excluding fuel per available lower berth day, or ALBD, were up 1% in constant dollars, better than the guidance of 2%-3%, and fuel prices fell 33% to $439 per metric ton from $650 per metric ton last year. Looking ahead, Carnival raised its fiscal year 2015 adjusted EPS view to $2.56-$2.60 from $2.35-$2.50, against a consensus estimate of $2.55, and raised its FY15 revenue yield view to 4% from 3%-4%. The guidance was raised based on the strength in Q3 net revenue yields and current booking trends, the company said. The company still expects FY15 net cruise costs excluding fuel per ALBD to up about 3.5% from the prior year on a constant currency basis. Fourth quarter adjusted EPS is seen at 36c-40c, below analysts' consensus estimate of 46c, with net revenue yields expected to increase approximately 3% from the prior year. Carnival said net cruise costs excluding fuel per ALBD for Q4 are expected to be higher by approximately 3% on a constant currency basis compared to the prior year. WHAT'S NOTABLE: Carnival President and Chief Executive Officer Arnold Donald commented in the earnings release that the company is "accelerating progress" toward achieving a double digit return on invested capital over the next three to four years, adding that operating cash is expected to exceed $4B this year. Donald also noted that cumulative advance bookings for the first half of 2016 are "well ahead" of last year at lower constant dollar prices. Looking to 2016, Donald said "we have driven a significant lengthening of the booking curve and have less inventory remaining for the first half of 2016 than at this time last year, which bodes well for continued year-over-year revenue yield improvement." On the company's earnings conference call, Carnival said its cash position is "unchanged" following construction delays and said China is still a source of "aggressive" growth. Carnival said it is on track for a 2% reduction in fuel consumption this year. PRICE ACTION: Carnival Corp. shares are down 5.5% to $49.80 in late morning trading. OTHERS TO WATCH: Carnival peer Royal Caribbean Cruises (RCL) is down 4.5% to $92.79, and another peer, Norwegian Cruise Line Holdings (NCLH), is down 3.5% to $60.14. Royal Caribbean and Norwegian are expected to report quarterly results in October.
08:04 EDTRCLCitrix says Royal Caribbean deploys mobile workspace solution
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