logo
Plus   Neg
Share
Email

Carnival Cuts 2019 Profit View; Stock Down

Carnival Corporation & plc (CCL,CUK,CCL.L) said it cut its adjusted earnings per share outlook for full year 2019 to a range of $4.23 to $4.27, from the prior range of $4.25 to $4.35 per share, reflecting recent fuel price increases. Analysts polled by Thomson Reuters expect the company to report earnings of $4.33 per share for fiscal year 2019. Analysts' estimates typically exclude special items.

CCL is currently trading at $43.97, down $4.09 or 8.51 percent.

The company expects full year 2019 constant currency net cruise revenues to be up approximately 4.0 percent, with capacity growth of 4.2 percent.

The company expects adjusted earnings per share for the fourth quarter 2019 to be in the range of $0.46 to $0.50 versus 2018 adjusted earnings per share of $0.70. Analysts expect earnings of $0.64 per share for the fourth-quarter. Fourth quarter constant currency net revenue yields are expected to be down 2.0 to 3.0 percent compared to the prior year.

For full year 2020, the company expects capacity growth of approximately 7 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
SCARPA North America has recalled about 4,200 ski boots due to risk of fall. The company has recalled Maestrale RS and Maestrale Men's ski boots as its shell can crack, posing a fall hazard and risk of injury to the consumer. The recall involves the Fall 2017 Maestrale RS and Maestrale Men's Ski... Walt Disney's (DIS) Frozen 2, the sequel to its 2013 blockbuster, is expected to record a strong domestic opening of over $100 million this weekend. Frozen 2 will become the 10th animated film to debut with over $100 million and the first animated film outside the summer window to hit the mark. Frozen... Indonesia is exploring a total ban on the use of electronic cigarettes and vape products in the country due to healthcare concerns following the lung illness outbreak related to vaping in the U.S., according to reports. However, the South-East Asian country has not reported any cases of vaping-related illness. Chain-smoking Indonesia is the world's second largest tobacco market.
Follow RTT
>