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DAILY EARNINGS

Carnival Net Surges, Vail Resorts Net Loss Narrows


Author: Mukesh Buch
ticker.com
Last Update: 9:44 AM ET September 26 2016

12:00 PM New York Carnival third-quarter net surged 16% to $1.4 billion. Cal-Maine first-quarter net swung to a loss of $31 million. Vail Resorts fourth-quarter net loss narrowed to $65 million.

Tollbooth Index fell 65.19 or 0.6% to 10,982.42.

Earnings Review

Carnival Corp (CCL), the leisure travel group reported revenues in the third-quarter ending in August advanced 4.5% from a year ago to $5.1 billion.

Net income in the quarter surged 16.4% to $1.42 billion or $1.93 per diluted share compared to the $1.22 million or $1.56 per share from the same quarter last year.

On Friday the leisure travel services provider said its China-based subsidiary China State Shipbuilding Corp and Italy-based Fincantieri S.p.A. signed an agreement to order its first China-made cruise ships built for domestic market with a launch date in 2022.

Cal-Maine Foods Inc (CALM), shell eggs producer said net sales in the first-quarter ending on August 27 plunged 60.7% from a year ago to $239.8 million.

Net in the quarter swung to a loss of $30.9 million or 64 cents per diluted share compared to the profit of $143 million or $2.95 per share from the same quarter last year.

Vail Resorts, Inc (MTN), the hotels and resort operator reported total net revenue in the fourth-quarter ending in July soared 10.9% from a year ago to $179.9 million.

Net loss in the quarter narrowed to $65.3 million or $1.80 per diluted share compared to the $70.1 million or $1.92 per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc