Carnival Corp. reported fiscal second-quarter results that beat expectations and provided an upbeat outlook, but the cruise operator’s shares dropped 8.6% in...
Carnival Corp. CCL reported fiscal second-quarter results that beat expectations and provided an upbeat outlook, but the cruise operator’s shares dropped 8.6% in morning trading Monday after being headed for the biggest monthly gain in more than two years. Net losses for the quarter to May 31 narrowed to $407 million, or 32 cents a share, from $1.83 billion, or $1.61 a share, in the year-ago period.
61 a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss of 31 cents beat the FactSet loss consensus of 34 cents. Revenue rocketed 104.5% to a record $4.91 billion, above the FactSet consensus of $4.79 billion, as passenger ticket revenue soared 144.4% to $3.14 billion and onboard and other revenue increased 58.6% to $1.77 billion. Occupancy improved to 98% from 69%.
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Sweet weekend: Visitors sample treats, listen to music at Long Grove Strawberry FestLong Grove's annual Strawberry Fest, which kicked off Friday, features three days of strawberry-infused food and drink, carnival rides, family activities and live music on three stages.
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Brooklyn festival honors, highlights Caribbean heritageThe representation was on full display Sunday throughout the heart of Brooklyn for the Tropical Fete Carnival Festival.
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PacWest sells loan portfolio to Ares Management in deal that generates $2 bln ‘to improve liquidity’PacWest Bancorp said Monday it agreed to sell a lender finance loan portfolio to Ares Management Corp. in a deal expected to provide $2 billion before...
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Japan fund eyes JSR buyout as Tokyo ramps up chip interventionSemiconductor materials maker JSR Corp's board will meet on Monday to discuss a potential multi-billion dollar buyout by a government-backed fund that would mark an acceleration of Japan's efforts to strengthen its chip industry.
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Factbox: Japan ramps up efforts to strengthen its chip industrySemiconductor materials maker JSR Corp's board will meet on Monday to discuss a potential multi-billion dollar buyout by a government-backed fund that would mark an acceleration of Japan's efforts to strengthen its chip industry.
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