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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
Top related locs:
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: "Michael Erstad"


4 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
☆ Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand
  + stars: | 2023-05-01 | by ( Ananya Mariam Rajesh Anne Florentyna Gnanaraja Sekar | Ananya Mariam Rajesh | Anne Florentyna Gnanaraja Sekar | ) www.reuters.com   time to read: +2 min
loss per share of 30 cents vs loss est. of 41 centsCompany says it sees "strong consumer demand"May 1(Reuters) - Norwegian Cruise Line Holdings Ltd (NCLH.N) raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on higher ticket pricing, pent-up demand and robust on-board spending from wealthy customers. Norwegian, which mostly caters to the affluent, has also been raising prices of its tickets to offset the impact from higher costs of fuel and food due to supply chain snags worsened by the Russia-Ukraine crisis. The company expects 2023 adjusted profit of 75 cents per share, compared with its earlier forecast of about 70 cents per share. Shares in the company were up about 1% in premarket trade, paring some gains after it forecast second-quarter adjusted earnings per share below estimates.
☆ Royal Caribbean rides 'wave' to record bookings after smaller loss
  + stars: | 2023-02-07 | by ( Ananya Mariam Rajesh | ) www.reuters.com   time to read: +2 min
Feb 7 (Reuters) - Royal Caribbean Group (RCL.N) said on Tuesday it was set for record bookings during the January-March period after the company posted a smaller-than-expected quarterly loss on pent-up travel demand. Cruise liners have reported strong booking volumes from well-to-do Americans for the so-called "wave season", a period between January and March where operators offer special cruise deals and discounts for the year. Royal Caribbean said North America sailings were booked in line with record 2019 levels for the full year, while bookings for European itineraries accelerated during the wave season and were higher than 2019. The cruise operator's booking volumes in the fourth quarter were also significantly higher than the corresponding period in 2019, before the pandemic outbreak shut down the industry. It reported a fourth-quarter loss of $1.12 per share, compared with analysts' expectations of a loss of $1.34, according to Refinitiv IBES data.
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