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Top related persons:
David Bernstein - 2 Michael Erstad - 2 Juveria Tabassum - 2 Ananya Mariam Rajesh - 2 Vinay Dwivedi - 2 Josh Weinstein - 1
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Bengaluru Norwegian
Top related orgs:
Thomson - 2 Peers - 1 Cruise Line Holdings - 1 Royal Caribbean Group - 1 Norwegian Cruise Line Holdings - 1

Search resuls for: "Ananya Mariam Rajesh Juveria Tabassum"


2 mentions found


☆ Carnival forecasts lower profit as costs bite, shares drop 11%
  + stars: | 2023-06-26 | by ( Ananya Mariam Rajesh Juveria Tabassum | Ananya Mariam Rajesh | Juveria Tabassum | ) www.reuters.com   time to read: +2 min
June 26 (Reuters) - Cruise operator Carnival (CCL.N) on Monday forecast third-quarter profit largely below estimates as rising marketing and labor costs eat into gains from higher ticket prices and strong demand. The company's shares, which have surged nearly 80% in the past two months on resurgent demand for cruises, dropped 11%. The mid-point of the company's third-quarter adjusted profit per share forecast of 70 cents to 77 cents, was below analysts' average estimate of 76 cents, according to IBES data from Refinitiv. Carnival now expects adjusted annual loss per share between 8 cents and 20 cents, compared with its earlier forecast of a loss per share of 28 cents to 44 cents. Reporting by Juveria Tabassum and Ananya Mariam Rajesh in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Persons: David Bernstein, Michael Erstad, Juveria Tabassum, Ananya Mariam Rajesh, Vinay Dwivedi Organizations: Peers, Cruise Line Holdings, Royal Caribbean Group, Thomson Locations: Bengaluru
☆ Carnival forecasts lower quarterly profit as higher costs bite
  + stars: | 2023-06-26 | by ( Ananya Mariam Rajesh Juveria Tabassum | Ananya Mariam Rajesh | Juveria Tabassum | ) www.reuters.com   time to read: +2 min
June 26 (Reuters) - Carnival (CCL.N) on Monday forecast third-quarter adjusted profit marginally below estimates as the cruise operator battles higher labor and fuel costs while spending more on marketing, sending its shares down about 10%. M Science analyst Michael Erstad said the company's forecast suggests that the robust demand trend would continue, while adding that Monday's share performance, in part, reflected the higher cost outlook. The mid-point of the company's third-quarter adjusted profit per share forecast of 70 cents to 77 cents, was below analysts' average estimate of 76 cents, according to IBES data from Refinitiv. Carnival now expects adjusted annual loss per share between 8 cents and 20 cents, compared with its earlier forecast of a loss per share of 28 cents to 44 cents. Reporting by Juveria Tabassum and Ananya Mariam Rajesh in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Persons: Josh Weinstein, David Bernstein, Michael Erstad, Juveria Tabassum, Ananya Mariam Rajesh, Vinay Dwivedi Organizations: Norwegian Cruise Line Holdings, Thomson Locations: Norwegian, Bengaluru
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