- Apr 11 at 1:02pm ET
TheStreet highlights 3 stocks pushing the leisure industry lower today.
- Apr 3 at 5:00pm ET
Carnival Corporation was a winner within the leisure industry, rising $0.42 (1.1%) to $38.46 on average volume
- Apr 2 at 1:02pm ET
TheStreet highlights 3 stocks pushing the services sector lower today.
- Mar 25 at 4:22pm ET
Stock markets gain Tuesday amid the release of housing data that underscored the ongoing economic recovery despite being slightly below expectations.
- Mar 25 at 11:52am ET
Carnival Corp. (CCL) was down on Tuesday after the world's largest cruise operator issued guidance that came up short of analysts' expectations. Carnival expects full-year adjusted profit of $1.50 to $1.70 a share, which came up short of the estimate of $1.72 from analysts polled by Thomson Reuters. The company also forecast a loss of 2 cents a share to a profit of 2 cents a share for the current quarter ending in May thanks mostly to higher selling and administrative costs. Analysts expected a profit of 7 cents a share. Carnival also expects net revenue yields on a constant-dollar basis to decline in fiscal 2014. Net revenue yields, which combine ticket sales and money spent on ships, dipped 2.1% in the first quarter. The company reported a net loss of $15 million, or 2 cents a share, down year over year from a profit of $37 million, or 5 cents a share. Carnival just broke even on a per-share basis, excluding items. Revenue dipped to $3.58 billion. Analysts expected a loss of 8 cents a share on revenue of $3.56 billion. Royal Caribbean RCL, the second-largest cruise operator, increased its full-year earnings forecast in January and said its European ticket sales were improving. Carnival's weak guidance stems from the company's price cuts in order to attract customers after several incidents have hurt demand for its cruises in recent years. Passengers who were stranded on the Carnival Triumph for five days in the Gulf of Mexico after a ship fire in February last year sued the company earlier this month.
- Mar 25 at 10:15am ET
Stocks with insider trader activity include CCL, GPOR and ARCC
- Mar 22 at 5:00am ET
The trading panel discussed how investors are rotating out of high-growth stocks and into stocks like Microsoft and Cisco.
- Mar 20 at 5:00pm ET
Carnival Corporation was a winner within the services sector, rising $0.62 (1.6%) to $39.99 on light volume
- Mar 18 at 9:08am ET
UBS increased its target price on Carnival (CCL) to $43 and set a "buy" rating. The firm cited higher booking volume with 2H yield looking to turn positive as the reason for the move.
- Mar 11 at 5:38pm ET
James Dennin, Kapitall: Luxury stocks have been known to outperform when economic times are bad. How could that work? It [...]