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Carnival Corp (CCL) Com Stk (CDI)

Sell:$42.37 Buy:$42.38 Change: $0.1 (0.24%)
Market closed |  Prices as at close on 16 October 2019 | Switch to live prices |
Sell:$42.37
Buy:$42.38
Change: $0.1 (0.24%)
Market closed |  Prices as at close on 16 October 2019 | Switch to live prices |
Sell:$42.37
Buy:$42.38
Change: $0.1 (0.24%)
Market closed |  Prices as at close on 16 October 2019 | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

HL comment (22 September 2015)

Carnival Corporation, owner of ten cruise ship brands, announced its strongest quarterly Non-GAAP or adjusted performance on record. Net income of $1.4 billion or $1.75 diluted EPS (Earnings Per Share) for the period were reported, compared to adjusted net income of $1.2 billion or EPS of $1.58 for Q3 2014. Group net revenue yields improved by 5% on a constant currency basis compared to the prior year, benefiting from strong demand which led to higher occupancy levels, increased ticket prices and increased onboard spending.

The Chief Executive noted that "Clearly our ongoing investments in the guest experience, combined with our global marketing and public relations efforts along with our initiatives to leverage our scale are having a positive impact."

Outlook

  • Cumulative advance bookings for the first half of 2016 are well ahead of last year at lower constant dollar prices.
  • Full year 2015 non-GAAP earnings per share (diluted) are expected to be in the range of $2.56 to $2.60, better than both the June guidance range of $2.35 to $2.50 and $1.93 per share for 2014.
  • Fourth quarter 2015 non-GAAP earnings per share (diluted) are expected to be in the range of $0.36 to $0.40, compared to $0.27 for Q4 2014.


Management commented:

"Looking forward to 2016, we have driven a significant lengthening of the booking curve and have less inventory remaining for the first half of 2016 than at this time last year, which bodes well for continued year-over-year revenue yield improvement. Although we already have a solid base of business for next year, we are working hard to maintain the momentum through our ongoing initiatives to create additional demand."

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.


Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used.

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Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.