MIAMI (AP) — A federal judge has threatened to temporarily block Carnival Corp. from docking cruise ships at ports in the United States as punishment for a possible probation violation.
Carnival: Fiscal 4Q Earnings Snapshot
MIAMI (AP) _ Carnival Corp. (CCL) on Thursday reported fiscal fourth-quarter net income of $494 million.
On a per-share basis, the Miami-based company said it had net income of 71 cents. Earnings, adjusted for non-recurring gains, were 70 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
Arison Foundation pledges $5 million for disaster relief
MIAMI (AP) — The Micky and Madeleine Arison Family Foundation announced a $5 million pledge Thursday to support relief efforts in communities affected by three recent disasters, including last month's Hurricane Florence.
The foundation, led by the Miami Heat managing general partner and his wife, will immediately give the $5 million to Save the Children and Direct Relief. Additional grants are also being pledged by the Carnival Foundation and Carnival Corporation's cruise lines.
Apple, Amazon and WellCare rise while Carnival skids
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:
Apple Inc., up $4.53 to $224.95
An analyst for JPMorgan Chase said Apple stock could rise more than 20 percent by late 2019.
Carnival Corp., down $3.24 to $63.74
The cruise line company said prices for recent bookings have been lower than they were a year ago.
Bed Bath & Beyond Inc., down $3.95 to $14.86
The retailer lowered its forecasts after its results in the second quarter fell far short of analyst estimates.
Carnival: Fiscal 3Q Earnings Snapshot
MIAMI (AP) _ Carnival Corp. (CCL) on Thursday reported fiscal third-quarter net income of $1.71 billion.
On a per-share basis, the Miami-based company said it had net income of $2.41. Earnings, adjusted for asset impairment gains and non-recurring gains, came to $2.36 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.31 per share.
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday:
Harley-Davidson Inc., down $2.64 to $41.57
The motorcycle maker said it will shift some production overseas in response to tariffs imposed by the European Union.
Campbell Soup Co., up $3.63 to $42.23
The New York Post reported that Kraft Heinz is interested in buying the company.
Carnival Corp., down $4.49 to $58.54
The cruise line company cut its annual profit forecast because of higher fuel prices.
Carnival shares sink on outlook, cost concerns
NEW YORK (AP) — Carnival Corp. shares tumbled Monday after the cruise operator gave a weaker-than-expected outlook, citing growing fuel costs.
The stock fell $6.11, or 9.6 percent, to $57.42 in morning trading. The lackluster guidance and concern over growing costs helped drag down its peers.
Shares of Norwegian Cruise Line Holdings Ltd. fell $3.17, or 6.1 percent, to $48.17. Royal Caribbean Cruises Ltd. shares fell $5.12, or 4.6 percent, to $106.43.
JUNEAU, Alaska (AP) — One of the world's largest cruise companies plans to buy a railroad used to carry summer tourists between the Alaska community of Skagway and Carcross in Canada's Yukon.
Carnival Corp. announced Thursday that it plans to buy the White Pass and Yukon Route rail and port operations from Ontario-based TWC Enterprises Ltd.
TWC said the deal is worth $290 million, with debt, taxes and other liabilities to be deducted.
Experts talk about cruising: Trends, issues and tips
MIAMI (AP) — What are the latest cruise trends? Should consumers worry about Caribbean cruises after last year's hurricanes? Do cruises still battle the perception that cruising is for the "overfed, the newlywed and the nearly dead"?
McDermott and Microsoft skid; Tenet and Darden rise
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:
Carnival Corp., up $1.53 to $68.13
The cruise line had a strong fourth quarter, thanks in part to higher ticket prices.
McDermott International Inc., down 90 cents to $6.69
The offshore drilling platform agreed to buy Chicago Bridge & Iron in an all-stock deal valued at $6 billion.
Carnival 4Q profit slides on costs, but tops 4Q forecasts
NEW YORK (AP) — Carnival Corp. on Tuesday reported a dip in fiscal fourth-quarter profit on higher costs, but the results still topped Wall Street expectations.
Shares of the Miami-based cruise operator rose $1.80, or 2.7 percent, to $68.40 in morning trading.
Profit fell 10.3 percent to $546 million, or 76 cents per share. Earnings, adjusted for non-recurring gains and asset impairment gains, were 63 cents per share.
Carnival and Darden Restaurants rise while Equifax slips
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Carnival Corp., up $1.82 to $65.32
The cruise line company raised its annual forecasts after a strong third quarter.
Red Hat Inc., up $4.31 to $110.07
The open-source software company had a better second quarter than analysts had expected.
Equifax Inc., up 96 cents to $106.05
The credit monitoring company, which earlier this month disclosed a large data breach, said Chairman and CEO Richard Smith is retiring.
Cunard is planning 4th cruise ship to join its fleet
Cunard is planning a fourth ship to join its fleet, according to an announcement Monday from the brand's parent company Carnival Corp.
The unnamed cruise ship will launch in 2022. It will carry 3,000 guests and will be built in Italy by Fincantieri.
Once the new vessel joins Cunard's other ships, Queen Mary 2, Queen Victoria and Queen Elizabeth, it will mark the first time since 1998 that Cunard has four ships in service simultaneously.
Heat, Carnival, Arisons donating $10 million to Irma relief
MIAMI (AP) — The Miami Heat Charitable Fund, Carnival Corporation and the Micky and Madeleine Arison Family Foundation said Thursday they are giving up to $10 million in Hurricane Irma relief efforts across Florida and the Caribbean.
Federated, Carnival, Alphabet climb; Regeneron skids
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Federated National Holding Co., up $1.49 to $13.54
Insurance companies surged as Hurricane Irma weakened and investors felt catastrophic losses were less likely.
Alphabet Inc., up $1.88 to $943.29
Technology stocks did better than the broader market Monday.
Carnival Corp., up $2.08 to $67.65
Travel companies also rose as investors felt Hurricane Irma won't affect their businesses as much as they had feared.
NEW YORK (AP) — Carnival Corp.'s profit more than doubled in the first-quarter as lower fuel costs and higher revenue helped it top Wall Street forecasts.
The Miami-based cruise line's profit surged to $352 million, or 48 cents per share. Earnings, adjusted for non-recurring gains, came to 38 cents per share.
The results surpassed Wall Street expectations of 35 cents a share, according to the average estimate of eight analysts surveyed by Zacks Investment Research.
Carnival expanding its cruises to Cuba
MIAMI (AP) — Carnival is expanding its cruises to Cuba so that it can keep up with strong demand.
The cruise operator had its first sailing to Cuba in May 2016 with its Fathom brand. That brand will sail from Miami to Cuba through May. In June, the Carnival Cruise Line brand will start sailing to the country.
Carnival Corp. CEO Arnold Donald said in a written statement on Tuesday that the company is optimistic that it will be granted approval by Cuba for additional Carnival Corp. brands.
Carnival Corp.'s Fathom brand, a line that started as offering trips alternating between the Dominican Republic and Cuba, is now combining the two countries in a single itinerary.
Fathom announced recently it received approval to add a stop in Santiago de Cuba, the second-largest city on the island, on six upcoming cruises that were originally scheduled to sail only to Amber Cove on the Dominican Republic's northern coast.
Cruise ship operators bringing high tech to the high seas
LAS VEGAS (AP) — High technology is taking to the high seas.
Cruise ships are being outfitted with sensors and trackers, all to help crew members better anticipate passengers' needs and whims.
Carnival Corp., the operator of cruise lines including its namesake, Princess, and Holland America, unveiled the new concierge technology at the CES gadget show in Las Vegas on Wednesday. It's scheduled to debut on the Regal Princess cruise ship in November.
Norwegian and Royal Caribbean get approval for Cuba cruises
Norwegian and Royal Caribbean cruises on Wednesday announced that they have received permission from the Cuban government to sail from the U.S. to Cuba.
Norwegian Cruise Line Holdings plans sailings on ships from two of its brands, Norwegian Cruise Line and Oceania. Both ships will include port calls in Havana as part of longer Caribbean itineraries. The Marina will sail from Miami on March 7 and Norwegian Sky will begin overnighting in Havana in spring 2017.
Magic pipe: Carnival’s Princess pays $40M fine for sea waste
MIAMI (AP) — Princess Cruise Lines will pay a $40 million penalty after pleading guilty to seven federal charges in an illegal ocean pollution case that involved one ship's use of a so-called magic pipe to divert oily waste into the waters, authorities said Thursday.
Carnival 3Q profit jumps 17 percent on passenger bookings
NEW YORK (AP) — Carnival Corp. on Monday reported a 17 percent boost in fiscal third-quarter profit as it booked more passengers.
The cruise operator also said advance bookings for the first half of next year are ahead of the previous year.
The Miami-based company's profit rose to $1.42 billion, or $1.93 per share. Earnings, adjusted for non-recurring gains, were $1.92 per share.
Revenue rose 4.4 percent to $5.1 billion on strong passenger ticket sales.
Carnival Corp. launching 3 TV shows about vacations, travel
NEW YORK (AP) — Carnival Corp. is launching three TV programs about travel, vacations and cruising that will air on ABC, NBC and The CW networks beginning Oct. 1.
The three half-hour series will air on Saturday mornings, the company said Monday. Each show will have its own real-life narrative exploring seaside destinations, in-port adventures or the vacation experiences of real travelers.
Carnival reports surge in 2Q profit, tops forecasts
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