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Carnival Corporation Trading Over 3% Higher On Earnings Beat
Tuesday, June 21, 2011 - 9:24am | 44Carnival Corporation (NYSE: CCL) is trading over 3% higher on the earnings beat this morning. The company reported EPS of $0.26 vs. $0.23 estimate and revenues of $3.6B vs. $3.52B estimate. Carnival Corporation is a cruise and vacation company.
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UPDATE: Carnival Reports 18% Drop In Q2 Net Income, Lowers Full-Year Earnings Forecast
Tuesday, June 21, 2011 - 8:46am | 113Carnival Corp (NYSE: CCL) reported an 18% drop in its second-quarter net income and lowered its full-year earnings guidance on Tuesday. Carnival reported its quarterly earnings at $206 million, or $0.26 per share, down from $252 million, or $0.32 per share, in the year-earlier period. Its revenue...
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UPDATE: Carnival Corporation & plc Reports Q2 Earnings
Tuesday, June 21, 2011 - 8:17am | 134Carnival Corporation & plc (NYSE: CCL) reported net income of $206 million, or $0.26 diluted EPS, on revenues of $3.6 billion for its second quarter ended May 31, 2011. Net income for the second quarter of 2010 was $252 million, or $0.32 diluted EPS, on revenues of $3.3 billion. Commenting on...
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US Stock Futures Signal Higher Start On Wall Street
Tuesday, June 21, 2011 - 5:21am | 483US stock futures are higher this morning, ahead of a confidence vote in the Greek parliament later in the day. Futures on the Dow Jones Industrial Average surged 41 points to 12,054.00 and futures on the S&P 500 stock index rose 4.90 points to 1,278.70. Nasdaq 100 futures gained 7.50 points to...
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Earnings Scheduled For June 21
Monday, June 20, 2011 - 11:20pm | 331Jabil Circuit Inc (NYSE: JBL) is projected to report its FQ3 earnings at $0.57 per share on revenue of $4.14 billion. Barnes & Noble Inc (NYSE: BKS) is estimated to post a FQ4 loss at $0.91 per share on revenue of $1.39 billion. Commercial Metals Company (NYSE: CMC) is expected to report its...
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Stocks To Watch For June 21
Monday, June 20, 2011 - 11:10pm | 264Some of the stocks that may grab investor focus today are: Wall Street expects Adobe Systems Inc (NASDAQ: ADBE) to report its FQ2 earnings at $0.51 per share on revenue of $994.78 million. ADBE shares declined 1.65% to $30.44 in after-hours trading. Analysts are expecting Carnival Corp (NASDAQ:...
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Mad Money Lightning Round OT: Cramer Thinks That HOT Is Oversold (HOT, MO, CXS, NLY)
Monday, June 20, 2011 - 6:20pm | 214On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he is a buyer of Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT). He explained that this stock traded sharply lower lately, despite the fact that the management reiterated several times that the business is good. Starwood Hotels...
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Morgans Hotel Group Acquires Remaining Equity and Control of Food and Beverage JVs for $20M
Monday, June 20, 2011 - 3:31pm | 83Morgans Hotel Group Co. (NASDAQ: MHGC) announced today that it has acquired the remaining 50% interests that it does not already own in its food and beverage joint ventures from China Grill Management for approximately $20 million. Additionally, the Company converted CGM's long-term management...
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A Peek Into The Market Before The Trading Starts
Monday, June 20, 2011 - 6:24am | 441Pre-open movers US stock futures are lower this morning, after euro zone finance ministers postponed a decision on a Greek bailout package. Futures on the Dow Jones Industrial Average dipped 52 points to 11,886.00 and futures on the S&P 500 stock index fell 5.60 points to 1,260.40. Nasdaq 100...
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Chesapeake Lodging Trust Acquires Hotel Indigo San Diego Gaslamp Quarter for $55.5M
Monday, June 20, 2011 - 6:03am | 81Chesapeake Lodging Trust (NYSE: CHSP) announced today that it has acquired the 210-room Hotel Indigo San Diego Gaslamp Quarter located in San Diego, California for a purchase price of $55.5 million, or approximately $264,000 per key, from InterContinental Hotels Group (NYSE: IHG). The Company...
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Stocks to Watch: Moving Average Indicators
Monday, June 20, 2011 - 2:31am | 626The “Golden Cross” is a major bullish technical indicator. It occurs when a stock's 50-day simple moving average crosses above its 200-day simple moving average. The “Golden Cross,” like most technical indicators, should never be used alone, but is a significant event to consider when evaluating a...
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Lowe Enterprises Investors Acquires Red Lion Hotel in Downtown Seattle for $71M
Wednesday, June 15, 2011 - 6:04am | 35Lowe Enterprises Investors announced today that it has completed the $71 million acquisition of the Red Lion Hotel on Fifth Avenue from Red Lion Hotels Corporation (NYSE: RLH).
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Goldman Sachs Discusses Carnival Corp.
Tuesday, June 14, 2011 - 7:53am | 212Goldman Sachs is out with a research note on Carnival Corp. (NYSE: CCL). It has a $51 price target, and shares are on the America's Buy List. In a note to clients, Goldman writes, "(1) While there is undoubtedly an impact from the recent geopolitical events, we still believe that some of the...
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Benzinga's Top Pre-Market Losers
Tuesday, June 14, 2011 - 7:26am | 136SIGA Technologies Inc (NASDAQ: SIGA) dipped 9.01% to $11.01 in the pre-market session. SIGA's PEG ratio is 35.91. ProShares UltraPro Short QQQ (NASDAQ: SQQQ) dropped 2.15% to $28.20 in the pre-market trading. Ness Technologies Inc (NASDAQ: NSTC) moved down 0.33% to $7.57 in the pre-market...
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Piper Jaffray Maintains Overweight on Ctrip.com International
Tuesday, June 14, 2011 - 6:24am | 125Piper Jaffray is out with its report today on Ctrip.com International (NASDAQ: CTRP), maintaining Overweight. In a note to clients, Piper Jaffray writes, "Air traffic growth from 2 major airlines in China was +12% y/y in May, an acceleration from the +9% y/y in April and the +7% y/y in full Q1. We...