Carnival (CCL) Per Share Profit Doubles

Carnival (CCL) per-share profit almost doubled to 39 cents a share in the first quarter, a 95% year-over-year bump, topping expectations by 7 cents. Revenue grew over 3% to $3.65 billion, slightly above forecasts for $3.63 billion, marking the second straight quarter of earnings and sales acceleration for the cruise ship operator.

Carnival shares rose 4.2% to 51.72 in morning trade today. The stock also moved above its 200-day moving average.

The company raised the bottom end of its full-year EPS guidance to $3.20-$3.40, up from a prior outlook for $3.10-$3.40. But the midpoint of the newly updated range still comes in below current expectations for $3.37 a share for the year. Carnival sees Q2 EPS of 34-38 cents vs. views for 38 cents a share.

Competitor Royal Caribbean Cruises (RCL) saw its shares jump 4.9%.

CCL and RCL are Smart Investing in Turbulent Times stocks.

Headline News

Stock Picks

Loews Corp.

This undervalued stock has strong future earnings growth expectations.


Biogen is the market-share leader in treating multiple sclerosis.


One of Paul Godwin’s favorite stocks in his Cabot Emerging Markets Investor portfolio.

Cabot Wealth Advisory

Tesla Model 3 vs. Chevy Bolt: Which Affordable Electric Car Is Better?

By Timothy Lutts on September 26, 2016

The Tesla Model 3 and Chevy Bolt are the first two affordable electric cars with a driving range of more than 200 miles. Let’s see how they stack up - and what they could mean to Tesla Motors (TSLA) and General Motors (GM) stock. Read More >

Does Alibaba (BABA) Stock Measure Up to Amazon (AMZN)?

By Paul Goodwin on September 23, 2016

Alibaba (BABA) is the Amazon (AMZN) of China. But does BABA stock measure up to AMZN stock? Let’s break it down!Read More >

As Stock Market Trends Change, Invest in these New Leaders

By Michael Cintolo on September 22, 2016

History tells us that all stock market trends change, and if you don’t recognize the leaders of that change early, you risk missing out on the next big winners.Read More >