CarnivalNavigates Currency Waves With Earnings Jump CCL NCL RCL

23 Dec 2015 | Author: | No comments yet »

Carnival Corp (CCL) Stock Price Up 4.4% on Strong Earnings.

Traders sold shares of Carnival Corp (NYSE:CCL) on strength during trading hours on Friday, reports. $62.14 million flowed into the stock on the tick-up and $113.30 million flowed out of the stock on the tick-down, for a money net flow of $51.16 million out of the stock.Carnival Corporation & plc announced adjusted net income for the full year 2015 of $2.1 billion, or $2.70 diluted EPS, compared to $1.5 billion, or $1.93 diluted EPS, for the prior year. Zacks Investment Research raised Carnival Corp from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Wednesday, November 25th. Cruise operator Carnival Corp (CCL,CUK,CCL.L), on Friday reported a turnaround to profit in the fourth quarter as a slight decline in revenues was more than offset by lower operating costs and expenses.

An institutional investor recently raised its position in Carnival Corp stock. “Over time, we expect to continue to return excess cash to shareholders as demonstrated by our recent 20 percent increase in quarterly dividends and more than $400 million in share repurchases”. Following the completion of the transaction, the chief executive officer now owns 118,072 shares of the company’s stock, valued at approximately $5,897,696.40. Its Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands, Roatan, Honduras and Puerto Plata, Dominican Republic. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law.

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