Latest news with #Carnival
Otago Daily Times
17 hours ago
- Business
- Otago Daily Times
Negligence ruling upheld for Ruby Princess Covid cruise
The Ruby Princess left Sydney in March 2020 for New Zealand and returned 11 days later. The operator of a cruise ship that embarked just as the Covid-19 pandemic gripped the globe will remain liable to pay passengers impacted by the virus after a failed appeal. Carnival's Ruby Princess set off from Sydney on a 13-day tour of New Zealand in March 2020 with 2671 passengers and 1146 crew on board. The voyage was cut short after 11 days just as Australia shut its borders when Covid-19 ran rampant globally. Twenty-eight people on the vessel died during the outbreak and 663 positive cases were reported amongst passengers. A class action lawsuit headed by Shine Lawyers and lead applicant Susan Karpik found that Carnival was misleading and negligent in October 2023. The company knew or ought to have known about the heightened risk of Covid-19 infection on the vessel and owed a duty of care to Ms Karpik to take reasonable care of her health and safety as a passenger, Federal Court Justice Angus Stewart said. A panel of three judges unanimously dismissed an appeal on Tuesday after Carnival challenged those findings. The Ruby Princess cruise should have been cancelled, Justices Brigitte Markovic, Sarah Derrington and Darren Jackson wrote. "It was a foreseeable consequence of Mrs Karpik's boarding (the ship) that she would be exposed to the heightened risk of there being Covid-19 on board the Ruby Princess," they said. The court also tossed a separate appeal seeking to increase the damages awarded to her by Justice Stewart. While she was allowed $A4423 ($NZ4838) plus interest for out-of-pocket medical expenses, the judge declined to award non-economic damages as she had not been diagnosed with long Covid. She had originally sought more than $A360,000 in damages for injuries, distress and disappointment. Carnival offered to settle the case for $A15 million before a trial began in October 2022. But the offer was rejected by the passengers, who asked for $A69 million. Carnival has been contacted for comment on the appeal's dismissal. Shine Lawyers joint head of class actions Vicky Antzoulatos said the firm was pleased with the appeal court's decision. "Passengers can now proceed to have their individual claims assessed," she said in a statement. "We hope this result will lead to a meaningful resolution of their claims so that they can finally put this sorry episode of their lives behind them." Justice Stewart will determine the next steps in the case at a later date.
Daily Mail
a day ago
- Daily Mail
Mystery after Texas man, 48, died on Carnival cruise ship's 'Serenity deck' with no signs of obvious trauma
The Texas man who died on board the popular Carnival cruise ship on Wednesday has been named as 48-year-old Euvelester Villarreal Jr. Villarreal Jr had no obvious signs of trauma and his cause of death remains a mystery, the Galveston County Medical Examiner's Office told KHOU 11. The office added that they are waiting for investigators to return toxicology results before writing a full report or determining the cause of death. Villarreal Jr died on the 'Serenity Deck' of the Carnival Dream on Wednesday while it was traveling around the Western Caribbean after leaving from Galveston, Texas. Passengers onboard the vessel told KHOU11 that they woke up to the sound of sirens in the early hours of the morning on July 23. One anonymous passenger told the outlet that she had heard an announcement calling for medical assistance on the Serenity Deck of the ship. The FBI is probing the circumstances of the death, but they could not confirm if their investigation is a criminal matter. Passengers had also told the outlet that they saw federal agents board the ship while disembarking on Saturday. Speculation about what unfolded onboard has also started circulating online, with one woman claiming the man was attacked. Amanda Meadows shared a video to her Facebook saying she was onboard the ship at the time, and woke up to the alarms and decided to investigate. She said she had tried to go to an upper deck to vape but was told she couldn't by staff. Meadows claims she then mentioned going to the casino, but again staff said she couldn't go there either, and told her to return to her room. 'I thought that was so strange, originally I thought somebody had slipped on the deck and fell and they needed some kind of assistance', she added. Meadows said she returned to her room and after leaving some time later, she claims a staff member approached her and told her somebody had been attacked. She added: 'They said someone was attacked on the ship and they lost their life because they won in the gambling place. 'I didn't think anything about it because it didn't register for some reason. It didn't click.' KHOU questioned Carnival Line about the rumors, but the operator shot them down on Saturday saying 'there is no investigation about a suspicious death'. A statement said: 'There is no investigation about a suspicious death on Carnival Dream and it's disappointing to learn that any guests might be spreading rumors about something they know nothing about.' In a statement, Carnival Line said they extended their sympathy to the family of the guest who died On Monday, after the FBI said they were probing the death, the operator said: 'It is standard practice for the FBI to review deaths that occur on cruise ships. 'This routine protocol ensures transparency. It does not automatically imply suspicious circumstances, and the facts of this matter do not suggest any such activity. 'We extend our heartfelt sympathy to our guest's family and loved ones in this difficult time.' A spokesperson for the FBI Houston office said: 'I can confirm FBI Houston is aware of an incident that occurred around July 23, 2025 on the Carnival Dream cruise ship. 'An FBI maritime liaison agent, based out of the Texas City resident agency, is coordinating with the U.S. Coast Guard, Customs and Border Protection, and the cruise line regarding this incident. 'Due to the ongoing natures of the investigation, I am not able to provide any additional details at this time.'
Yahoo
a day ago
- Business
- Yahoo
Carnival Corporation's Q3 2025 Earnings: What to Expect
Miami, Florida-based Carnival Corporation & plc (CCL) is a cruise company that provides leisure travel services in North America and internationally. With a market cap of $34.7 billion, the company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. CCL is expected to release its Q3 earnings on Monday, Sept. 29. Ahead of its release, analysts project the company to report a profit of $1.31 per share, up 3.2% from $1.27 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the last four quarters, which is impressive. More News from Barchart Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock? Dear Microsoft Stock Fans, Mark Your Calendars for Aug. 1 Is Lucid Motors Stock a Buy, Sell, or Hold for July 2025? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full year, analysts expect CCL to report EPS of $2, up 40.9% from $1.42 in fiscal 2024. Moreover, its EPS is expected to grow in fiscal 2026, rising 14% year over year to $2.28. Shares of CCL have climbed 72.2% over the past 52 weeks, outperforming both the S&P 500 Index's ($SPX) 17.1% uptick and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 23.9% gain over the same time frame. On Jun. 27, Carnival stock closed up more than 4% after Moody's Corporation (MCO) upgraded Carnival's long-term corporate rating to Ba2 from Ba3. The consensus opinion on CCL stock is highly optimistic, with an overall 'Strong Buy' rating. Out of the 25 analysts covering the stock, opinions include 18 'Strong Buys,' one 'Moderate Buy,' and six 'Holds.' The mean price target of $31.29 indicates a 5.2% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Royal Caribbean (RCL) Reports Earnings Tomorrow: What To Expect
Cruise vacation company Royal Caribbean (NYSE:RCL) will be reporting earnings this Tuesday before market open. Here's what you need to know. Royal Caribbean met analysts' revenue expectations last quarter, reporting revenues of $4.00 billion, up 7.3% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts' EPS estimates. It reported 13.77 million passenger cruise days, up 4.7% year on year. Is Royal Caribbean a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Royal Caribbean's revenue to grow 10.6% year on year to $4.55 billion, slowing from the 16.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.08 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Royal Caribbean has missed Wall Street's revenue estimates four times over the last two years. Looking at Royal Caribbean's peers in the travel and vacation providers segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carnival delivered year-on-year revenue growth of 9.5%, beating analysts' expectations by 1.7%, and Delta reported flat revenue, topping estimates by 1.5%. Carnival traded up 5.9% following the results while Delta was also up 11.9%. Read our full analysis of Carnival's results here and Delta's results here. There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 10.3% on average over the last month. Royal Caribbean is up 12.7% during the same time and is heading into earnings with an average analyst price target of $324.63 (compared to the current share price of $352.98). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
a day ago
- Business
- Yahoo
2 Breakout Stocks to Buy Now
Key Points The surging demand for cruises isn't slowing down, which is very bullish for Carnival's prospects. Toast is seeing growing adoption of its cloud-based restaurant management platform, as restaurant owners look to upgrade to cutting-edge technology solutions powered by AI. 10 stocks we like better than Carnival Corp. › The major market indices are in a V-shaped recovery since the sell-off in March over recession fears. With a new bull market underway, investors should take note of stocks that are surging to new 52-week highs, as this can indicate where the smart money see opportunities. Here are two breakout stocks to consider buying right now. 1. Carnival Shares of Carnival (NYSE: CCL) have surged 18% year to date, beating the S&P 500 return of 8% at the time of this writing in late July. The stock is poised to move higher from strong demand for travel. The company has posted eight consecutive quarters of record revenue, with a favorable outlook for bookings into next year that should lead to strong earnings. While other consumer-related industries are experiencing softness in sales, such as apparel, consumers are not hesitant to plan cruise trips. After a strong first half of the year, analysts anticipate Carnival's revenue increasing to $25 billion for 2025, with adjusted earnings per share landing at $2.00, according to Yahoo! Finance. The cruise industry has been steadily growing since the pandemic. It remained resilient even during the spike in inflation in 2022. Entering 2024, 82% of those who had already taken a cruise plan to do so again, according to the Cruise Lines International Association. Carnival not only benefits from industry trends, management is executing well on its growth strategy. During the Q2 earnings call in June, management noted strong demand for bookings well into 2026, while having only limited capacity. This is supporting higher ticket prices, which should continue to boost margins and earnings. Carnival stock's conservative forward price-to-earnings multiple of 15 could potentially support more market-beating returns over the next few years. Analysts forecast Carnival's earnings to grow at an annualized rate of 21%. 2. Toast With artificial intelligence (AI) sweeping across every industry, restaurant operators are eager to get their hands on cutting-edge technology to make running a restaurant simpler and more cost-efficient. Toast (NYSE: TOST) appears to be the best stock to profit off the digital transformation of the restaurant industry. After bottoming out with the broader market a few years ago, the stock has been on a tear year to date, climbing 33%. Restaurant management software is a competitive market, with a countless number of companies offering solutions. But Toast has the finances, technology, and easy-to-use software to win a large share of this market. Its intuitive user interface makes onboarding employees fairly straightforward. It offers powerful tools like handheld devices and a cloud-based all-in-one system. Toast added more than 6,000 net locations in Q1, bringing its total base to around 140,000. This marked a 25% year-over-year increase, translating to a 31% increase in annualized recurring revenue. Importantly, Toast's strong revenue growth is starting to pull margins up. Growth in high-margin areas like subscriptions and payment solutions is driving higher recurring gross profit, which grew 37% year over year in Q1. As Toast continues to post strong financials, it is reinvesting in new tools that can keep momentum going. Its ToastIQ feature could be a game changer. This feature uses AI to pull insights from millions of transactions across Toast's customer base. This means ToastIQ is getting smarter the more locations that use the platform -- a classic network effect competitive advantage. Wall Street may be starting to recognize the advantage that Toast is building. The stock seems to be in the process of being rerated as a sustainable, high-growth software company. Toast is going after a huge addressable market, with an estimated 875,000 restaurants in the U.S. alone. The stock's recent breakout is a bullish signal on where it's headed over the long term. Should you invest $1,000 in Carnival Corp. right now? Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Carnival Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Toast. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy. 2 Breakout Stocks to Buy Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
