Norwegian Cruise lifts profit forecast on higher ticket prices, steady demand
Norwegian Cruise Line Holdings Ltd (NCLH.N) raised its annual profit forecast and sailed past first-quarter estimates on Monday, betting on higher ticket pricing, pent-up demand and robust on-board spending from wealthy customers, sending shares of the company up 6%. Easing of COVID-19 protocols on ships after long periods of restrictions has encouraged people, especially from…
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Alphabet Shrugs Off Advertising Slump, Thanks to Search Engine
After years of easy financial growth and booming popularity, Alphabet, Google’s parent company, has in recent months faced mounting questions about its future. It has been under the gun to deliver artificial intelligence technology, its sales growth has decelerated, and it is laying off 12,000 employees to cut costs. On Tuesday, Google shrugged off some…
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United Rentals falls amid M Science note on rates stabilizing in mid April
United Rentals (NYSE:URI) dropped 1.8% amid a note that rates have begun to stabilize in mid April.General rates have begun to stabilize in mid April across Sunbelt and United Rentals (URI), M Science said in a note on Friday.United Rentals (URI) is set to report Q1 results on Thursday.Late last month Caterpillar (CAT) and United…
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Netflix Sees Stronger Second Half With Account-Sharing Curbs
Netflix Inc. will begin cracking down this quarter on US viewers who share someone else’s account, predicting plans to charge such customers will boost growth in the second half of the year. The company, which reported a lower-than-expected subscriber gain for the first quarter, has been testing ways to reduce account sharing in Latin America,…
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Best Buy signals more pain for electronics retailers with muted profit forecast
Best Buy Co Inc (BBY.N) on Thursday joined peers with a cautious annual earnings forecast as uncertainty over the U.S. economic outlook tempers expectations for a recovery in demand for TVs, laptops and other electronic products. U.S. retailers offered bigger discounts than usual during the holiday season to stoke demand as surging costs of rent…
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Macy’s gives upbeat profit forecast amid retail gloom, shares surge
Macy’s Inc (M.N) beat estimates for holiday quarter results and forecast annual profit largely above expectations as the department store operator looks to rein in promotions to beef up its margins, sending its shares up 10% on Thursday. Like many retailers, Macy’s offered steep discounts during the holiday season to get rid of excess inventory…
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