Company
NYSE:CCL
Carnival Corp is a leisure travel company. It operates in North America, Australia, Europe and Asia. Its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (United Kingdom) and Cunard. The company's segment includes North America and Australia (NAA), Europe and Asia (EA), Cruise Support and Tour and Other. Its NAA segment includes Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia) and Seabourn.
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The cruises operator's fourth-quarter adjusted net income rose to US$492mln, giving EPS of 0.70 US cents, compared to net income of US$452mln and EPS of 0.63 US cents a year earlier
Investments and investor services
Higher fuel costs and fluctuations in currency rates will keep the company on the defensive
The analysts do not believe investors should have been ‘spooked out’ by guidance commentary
On Monday, shares of the cruise company were down 9% to 4,327p, as it reported record second-quarter revenue, but lowered full-year guidance due to negative impacts from fuel prices
The cruise ship operator beat analyst estimates on both earnings and revenue but a disappointing outlook weighed down its share price
Carnival said its first-quarter net revenue rose 11.6% to US$4.23bn, above analysts’ estimate of US$4.11bn, helping earnings per share, excluding one-off items, to rise to 52 US cents per share, topping estimates of 43 US cents
A look at some of the early movers in New York pre-market trade
Darden met profit expectations for the first quarter, and reaffirmed the financial outlook for the full year
Carnival said temporary port closures associated with the storms and the recent Mexican earthquake are expected to result in a 10 to 12 US cents reduction in fourth quarter EPS
A look at what's moving the needle in pre-market deals in New York
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Carnival and Thomas Cook issue trading updates tomorrow with the devastating Caribbean hurricanes likely to be key features of both
Carnival's first quarter earnings fell as higher fuel costs weighed but the cruise operator expects growth for the full year
Carnival has received approval to sail its largest capacity cruise ship to Cuba to meet strong demand from US tourists.
US stocks closed higher on Tuesday, after marking some fresh record highs, while the dollar scaled 14-year highs, but with the Dow failing to claim the 20,000 level this time
Investments and investor services
FTSE 100 shares eked out light gains but mid-caps ended softer in a non-event session on Tuesday as markets began winding down for the holiday season
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Berenberg went to 'hold' from 'buy' and reduced its price targets to £40 and $50, implying 4% downside.
Berenberg lowered its recommendation on Carnival to hold from buy and reduced its price targets to £40 and $50, implying 4% downside.
US shares are poised to consolidate gains seen yesterday to go higher as an oil price rise boosts sentiment.
Cruise operators are moving into the Chinese market
Wall Street climbed today on hopes Greece and its lenders will reach a deal to avert a default. The S&P 500 (INDEXSP:.INX) rose 0.7 percent to 2,124.55 at 3:12 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI
