Carnival shares fall more than 3% in London and New York after interims
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 March 2014 25 March 2014
Shares in the two Carnival Corp & plc holding companies fell sharply after the company had unveiled its first quarter to 28 February interims results.
Carnival plc, the British holding company the shares in which are listed on the London Stocck Exchange, traded down 3.3% at £23.78 at 1430 local time. The shares hit a 52 week high at £26.15, while the low for the same period is £20.17.
In new York, Carnival Corporation, which is a Panama domiciled company whose shares are traded on the New York Stock Exchange, was 3.5% down at $38.72. Their 52-week high is $41.89 while the low for the same period is $31.44.
Carnival forecasts financial year 2014 EPS $1.50 to $1.70
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 March 2014 25 March 2014
Carnival Corp & plc, the Anglo-American cruise shipping group, said it continues to expect full year 2014 net revenue yields, on a constant dollar basis, to be down slightly compared to the prior year and in line with the prior year on a current dollar basis.
“The company also continues to expect net cruise costs excluding fuel per ALBD for full year 2014 to be slightly higher than the prior year on a constant dollar basis,” it said in a statement.
Taking the above factors into consideration, the company forecasts full year 2014 non-GAAP diluted earnings per share to be in the range of $1.50 to $1.70, compared to 2013 non-GAAP diluted earnings of $1.58 per share.
Looking forward, Group CEO Arnold Donald stated, “We are on the path toward improved financial performance. We are working hard to maintain the momentum with additional product initiatives, continuous improvement in our already high guest satisfaction levels and greater utilization of our global scale.”
Carnival says global bookings 20% ahead of last year at lower prices
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 March 2014 25 March 2014
Since January, booking volumes at Carnival Corp & plc, the Anglo-American cruise shipping group, for the remainder of the year are running well ahead of last year at lower prices, but the booking window is gradually lengthening, the company said in a statement.
At this time, cumulative advance bookings for the remainder of 2014 are ahead of the prior year at prices below prior year levels.
Group ceo Arnold Donald noted, “We have experienced a solid wave season, with booking volumes up almost 20 % globally surpassing last year’s cumulative advance booking levels, albeit at lower prices.”
“Many guests are booking further in advance, which increases visibility and builds confidence that yield comparisons will turn positive in the second half of 2014. Increased interest across our brands is an encouraging indication that our message is resonating as consumers recognize the strong value proposition and exceptional vacation experiences we provide.”
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