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Premarket Trading News

03 Nov 2021

Norwegian Cruise Eyes Return to Profitability in H2 2022

© Alfonsodetomas / Adobe Stock

Norwegian Cruise Line Holdings Ltd on Wednesday forecast a return to profitability in the second half of 2022, as the U.S. travel and tourism industry claws back from the impact of the COVID-19 pandemic.Cruise operators recorded billion-dollar losses last year as many ships anchored offshore without passengers, but pent-up demand for leisure travel and roll-out of COVID-19 vaccines have helped cruise lines pull thousands of guests again.U.S. health officials earlier this year…

29 Oct 2021

Royal Caribbean Revenue Disappoints as Delta Variant Hits Ticket Sales

© ymgerman / Adobe Stock

Royal Caribbean Group missed market estimates for quarterly revenue on Friday, as people were apprehensive about going on cruises due to the fast-spreading COVID-19 Delta variant.Cruise ships have been sailing from U.S. ports again since late June with mostly vaccinated guests and crew, but some onboard cases and a spike in COVID-19 infections have raised worries about the industry’s fortunes in the near term.Regular testing has helped cruise lines ensure isolated cases of the novel coronavirus do not become a full-blown outbreak, even as the response to resumption of U.S.

05 Jan 2021

Teledyne to Acquire FLIR Systems in $8 Billion Deal

(File image: FLIR Systems)

Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cash-and-stock deal to beef up its portfolio of imaging sensor technology.FLIR shareholders will receive $28 in cash and 0.0718 shares of Teledyne common stock for each share held, the companies said.That implies a purchase price of $56.14 based on Teledyne’s last close, and represents a premium of 28.1% for FLIR shareholders to the stock’s Thursday close.Teledyne and FLIR sell cameras and sensor systems.“Our technologies and products are uniquely co

10 Aug 2020

Royal Caribbean Reports Bigger-than-expected Loss

(Photo: Royal Caribbean)

Royal Caribbean Group reported a bigger-than-expected quarterly loss on Monday, as the cruise operator suffered from a coronavirus-driven halt to sailings that is now on course to last deep into the second half of 2020.The company’s shares, which have lost over 60% of their value this year, fell nearly 2% in premarket trading.Royal Caribbean, which dropped “Cruises” from its corporate name last month, expects to burn $250 million to $290 million of cash on average per month, while its operations are suspended during one of the industry’s worst periods in history.Royal Caribbean, which has pled

16 Jul 2020

Norwegian Cruise Line Warns of 'Insignificant' Q2 Revenue

© Erin Cadigan / Adobe Stock

Norwegian Cruise Line Holdings Ltd said on Thursday it expected little revenue in the second quarter, as the COVID-19 pandemic brought global tourism to a standstill and forced the company to suspend all voyages for months.Shares of the cruise operator, which also forecast a full-year loss, fell about 8% in premarket trading.Crushed by a wave of cancellations and steep fall in bookings, the company said it plans to raise about $925 million in two new bond offerings to ride out the rest of the year and repay a $675 million credit line.It also plans on raising another $250 million in a new equit

18 Jun 2020

Carnival Posts $4.4 Billion Quarterly Loss

(File photo: Carnival Corp)

Carnival Corp reported a quarterly net loss of $4.4 billion on Thursday, as the cruise operator took major write-downs on the sale of some ships and was virtually crippled by the global COVID-19 pandemic.Shares of the Florida-based company, which also warned of a net loss for the rest of the year, fell over 4% in premarket trading.Cruise line operators were among the hardest hit in the global health crisis and the industry had some of the largest early high-profile infections.The company said it expects to burn cash at the rate of about $650 million per month for the second half of 2020 and wa

12 Mar 2020

Coronavirus-hit Princess Cruises Suspends Operations

(Photo: Princess Cruises)

Princess Cruises, the operator of two coronavirus-stricken ships, said on Thursday it would suspend global operations of its 18 cruise ships for two months, sending shares of its parent company Carnival Corp down 22% in premarket trading.The Grand Princess was denied entry to San Francisco Bay last Wednesday en route back from Hawaii as authorities learned some passengers and crew had developed flu-like symptoms, and that patrons from an earlier cruise to Mexico aboard the same ship had tested positive for coronavirus.The Diamond Princess cruise ship…

23 Mar 2018

Top Ships: Surges on Reverse Stock Split

Shipping company's shares jump 52 pct to 26 cents in heavy premarket trading; top pct gainer on Nasdaq.   To effect 1-for-10 reverse stock split will reduce outstanding shares to ~17 mln. Shares have lost 30.2 pct YTD.   Reporting by Shreyashi Sanyal

29 Apr 2016

Royal Caribbean's Revenue up 5.6%

Royal Caribbean Cruises Ltd reported a 5.6 percent rise in quarterly revenue, helped by higher passenger ticket revenue and onboard spending, sending the company's shares up 4 percent in premarket trading. Royal Caribbean also raised its full-year earnings forecast to $6.15-$6.35 per share from $5.90 to $6.10. The company said net revenue per available berth, or net yields, rose 7 percent on a constant-currency basis in the first quarter ended March 31. Passenger ticket revenue rose 5.5 percent, while onboard revenue rose 6 percent. Net income attributable to the company jumped to $99.1 million, or 46 cents per share, from $45.2 million, or 20 cents per share, a year earlier. The company's total revenue rose to $1.92 billion from $1.82 billion.

29 Jul 2015

General Dynamics Tops Q2 Estimates

General Dynamics' NASSCO Shipyard (Photo: NASSCO/Ken Wright)

General Dynamics Corp, a maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit. Net profit increased 16.4 percent to $752 million for the second quarter from $646 million a year earlier. Earnings per share jumped over 20 percent to $2.27 a share from $1.88 a year earlier, while revenues rose 5.5 percent to $7.88 billion from $7.47 billion. Analysts polled by Thomson Reuters I/B/E/S estimated second-quarter earnings of $678.65 million…

24 Mar 2015

Linn, Quantum Energy Tie Up to Buy Oil and Gas Assets

Private equity firm Quantum Energy Partners will invest up to $1 billion in a new entity for acquisition and development of oil and gas assets that will be managed by Linn Energy LLC. Linn will be able to take a 15-50 percent direct working interest in the acquired assets, the two companies said in a joint statement on Monday. Linn's shares rose 4.5 percent in premarket trading, while its unit LinnCo LLC's shares were up 6.5 percent. The deal comes two months after Linn received funding of up to $500 million from GSO Capital Partners LP, a unit of Blackstone Group LP. Linn, like other oil and gas companies, has been struggling to cope with a 50 percent fall in crude oil prices since June. In response to weak prices, Linn cut its annual payout by more than half in January.

20 Jun 2006

ACL Shares Spike in Premarket Trading

Shares of American Commercial Lines Inc., a barge operator, spiked in premarket trading after the company raised its 2006 outlook on pricing strength and improved efficiency benefits. Shares rose $2.98, or 5.8 percent, to $54.12 in premarket electronic trading. The stock closed at $51.14 Monday and has traded in a 52-week range of $25.60 to $63.47. Source: AP