Revenue Update on Carnival plc (ADR)(NYSE:CUK)

Carnival plc (ADR)(NYSE:CUK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jun 28, 2016. Company reported revenue of $3.71B. Analysts estimated a revenue of $16.27B. Earnings per share were $0.49.

Carnival plc (ADR) (CUK) made into the market gainers list on Fridays trading session with the shares advancing 1.90% or 0.85 points. Due to strong positive momentum, the stock ended at $45.64, which is also near the day’s high of $45.93. The stock began the session at $45.5 and the volume stood at 4,69,000 shares. The 52-week high of the shares is $58.08 and the 52 week low is $42.45. The company has a current market capitalization of $35,535 M and it has 77,85,93,080 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Michael Olaf Thamm (CEO – Costa Crociere) sold 9,590 shares at $49.58 per share price.Also, On Apr 5, 2016, Richard Glasier (director) sold 10,000 shares at $52.43 per share price.On Mar 9, 2016, Arnold W Donald (President & CEO) sold 23,281 shares at $42.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Carnival plc is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands Europe Australia & Asia (EAA) cruise brands and Cruise Support. In addition it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines Holland America Line Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA) Costa Cruises (Costa) Cunard P&O Cruises (Australia) and P&O Cruises (United Kingdom). Its Cruise Support segment includes its cruise port and related facilities located in Cozumel Mexico; Grand Turk Turks and Caicos Islands Roatan Honduras and Puerto Plata Dominican Republic. In addition to its cruise operations it owns Holland America Princess Alaska Tours a tour company in Alaska and the Canadian Yukon.

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