Carnival Issues Guidance that comes up Short of Expectations while Plug Power Hints at Major Deal Soon
Carnival Corporation (NYSE: CCL) shares fell on Tuesday after the company reported a net loss of $15 million, or 2 cents a share, down year over year from a profit of $37 million, or 5 cents a share. Revenue fell to $3.58 billion. Analysts had expected a loss of 8 cents a share on revenue of $3.56 billion. The world’s largest cruise ship operator, whose lines include Carnival, Holland America, and Costa, has been taking more bookings this year but is selling them for less, leaving it facing a second-quarter loss. Carnival expects full-year adjusted profit of $1.50 to $1.70 a share, which came up short of the estimate of $1.72 from analysts polled by Thomson Reuters. Carnival also forecast a loss of 2 cents a share to a profit of 2 cents a share for the current quarter ending in May while analysts expected a profit of 7 cents a share.
Carnival Corporation operates as a cruise company worldwide. It operates in two segments, North America; and Europe, Australia, & Asia. The company offers various cruise products and services through a fleet of 101 cruise ships under the brand names of Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn in North America; and AIDA Cruises, Costa, Cunard, Ibero Cruises, and P&O Cruises in Europe, Australia, and Asia.
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Plug Power Inc. (NASDAQ: PLUG) shares soared nearly 50% after the company’s CEO said in an interview that a major deal is expected in the next 2-3 weeks. The fuel cell systems supplier plans to announce a new major deal with a large automaker soon. “We signed an additional order in North America with a global automaker,” Chief Executive Andy Marsh told MarketWatch in a telephone interview on Tuesday. He declined to elaborate further on the specifics of the deal.
Plug shares traded less than $1 as recently as December, and peaked in March at $11.
Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of fuel cell systems for the industrial off-road markets worldwide. The company develops and sells a range of fuel cell systems comprising hydrogen-fueled Proton Exchange Membrane (PEM) systems.
Get more information on Plug Power Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/PLUG
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