Last Price: $40.23 , UP $5.08 (14.45%)
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) recently announced a 55% year-over-year increase in third quarter earnings, provided higher earnings guidance for full year 2010 and commented on 2011.
For the third Quarter:
- Third quarter 2010 net income increased 55% year-over-year to $356.8 million, or $1.64 per share.
- Third quarter close-in bookings were stronger than expected while operating costs and fuel consumption were lower.
- Third quarter Net Yields increased 5.2%, (7.2% on a Constant Currency basis).
- Third quarter Net Cruise Costs excluding fuel per APCD (“NCC ex. fuel”) declined 2.8%, (1.2% on a Constant Currency basis).
Looking to the rest of 2010:
- Net Yields are expected to increase approximately 4%-5% in the fourth quarter (approximately 5% on a Constant Currency basis) and 4%-5% for the year on both Constant Currency and as reported basis.
- NCC are expected to be down approximately 1% for the full year.
- EPS expectation has been increased for the full year 2010 to $2.43 to $2.47. Fourth quarter 2010 EPS is expected to be in the range of $0.08 to $0.12 after taking into account two incidents that cost the company about $0.05.
Looking to Next Year:
- While it is early in the booking cycle, 2011 Yields are trending positively in all four quarters and the company expects yield increases in 2011 comparable to 2010. As a result, early 2011 EPS modeling indicates that next year will set a new EPS record for the company.
Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France, and TUI Cruises through a 50% joint venture. The company has a combined total of 39 ships in service and three under construction. It also offers unique land-tour vacations in Alaska, Asia, Australia, Canada, Europe, Latin America and New Zealand. Additional information can be found on www.royalcaribbean.com
Last Price: $0.0420 , UP $0.0068 (19.32%)
Crown Equity Holdings Inc. Expands by Opening an Additional Office in Pakistan
Crown Equity Holdings Inc. (the "Company") (OTC:CRWE) announced recently that it is expanding its business by opening another office in Pakistan.
This office will be located in the city of Attock, Pakistan.
This office will also add an additional workforce of 25 associates to its CRWENewswire team, which will increase the company's up to date news and world affairs from the Mid-East, Far East and Europe online news wires.
The new office in the city of Attock, as well as the office in Islamabad, will be managed by Zeeshan Shabbir.
Crown Equity Holdings is in the process of developing its Arabic language CRWENewswire site for news occurring in Pakistan and elsewhere around the world.
"As always, I am thrilled to increase our team of correspondents to offer our readerships a global perspective on top stories." said Kenneth Bosket, President of Crown Equity Holdings Inc.
Check out the activity of the Year to Date chart for CRWE!
About Crown Equity Holdings Inc.
Crown Equity Holdings Inc. announced in June of this year its 1- 10 forward stock split, as well as in August announcing that the company had surpassed One Million dollars (1,000,000) in sales.
The company is utilizing today's technology to advertise, promote and market public companies globally. CRWE's proprietary network technology allows their publishing department to get their content to millions of readers daily across the world. CRWE publishes financial content to all the major countries and covers all the accredited stock exchanges. The goal for 2010 is to have all CRWE's clients' press releases, articles and news content published in every major financial country's native language.
In addition to the company offering "I/R" service, the company has a dedicated in-house advertising server, allowing for faster response and a wider variety of ad space offerings to those interested in advertising on their numerous internet and affiliate internet properties.
American Superconductor Corporation (NASDAQ:AMSC), a global power technologies company, reported that it will release its second quarter fiscal year 2010 financial results prior to the market opening on Tuesday, November 2, 2010.
In conjunction with this announcement, AMSC management will participate in a conference call with investors beginning at 10:00 a.m. Eastern Time on November 2. On this call, management will discuss the dynamics in AMSC’s core markets, recent orders and business initiatives, developments in superconductor power cable projects and opportunities as well as AMSC’s results and its business outlook.
Coach, Inc. (NYSE:COH), a leading marketer of modern classic American accessories, reported sales of $912 million for its first fiscal quarter ended October 2, 2010, compared with $761 million reported in the same period of the prior year, an increase of 20%. Net income for the quarter totaled $189 million, with earnings per diluted share of $0.63.
This compared to net income of $141 million and earnings per diluted share of $0.44 in the prior year’s first quarter, representing an increase of 34% and 43%, respectively.
United Bankshares, Inc. (NASDAQ: UBSI), reported earnings for the third quarter and the first nine months of 2010. Earnings for the third quarter of 2010 were $17.3 million or $0.40 per diluted share while earnings for the first nine months of 2010 were $52.7 million or $1.21 per diluted share.
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