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Feb 7, 2012
Feb 7, 2012
Feb 7, 2012
Feb 7, 2012
Feb 7, 2012
Feb 7, 2012
Feb 3, 2012

Estee Lauder raises ad spending; profit view misses

By Nivedita Bhattacharjee

(Reuters) – Cosmetics company Estee Lauder Cos Inc (EL.N: Quote, Profile, Research, Stock Buzz) forecast quarterly earnings far below Wall Street estimates, saying it suffered because of foreign exchange rates and would increase investments in advertising, and its shares more than 6 percent.

This would be the first profit miss in more than a year for the company, whose full-year outlook also fell short of analysts’ expectations.

Feb 2, 2012

Royal Caribbean bookings hit by rival’s wreck

By Nivedita Bhattacharjee

(Reuters) – Royal Caribbean Cruises Ltd (RCL.N: Quote, Profile, Research) (RCL.OL: Quote, Profile, Research), the world’s second-largest cruise operator, warned that earnings in the current quarter could fall by as much as 50 percent as the Costa Concordia disaster off the coast of Italy caused a sharp drop-off in new cruise bookings.

Last month, the Costa Concordia cruise ship operated by rival Carnival Corp (CCL.N: Quote, Profile, Research) hit a reef off the Tuscan coast, killing 17 people. Another 15 are missing.

Feb 2, 2012

Royal Caribbean sees weak quarter ahead

Feb 2 (Reuters) – Royal Caribbean Cruises Ltd
(RCL.N: Quote, Profile, Research) (RCL.OL: Quote, Profile, Research), the world’s second largest cruise operator,
forecast a weak first quarter and said new bookings had been
affected as a result of a rival’s ship capsizing in January.

“There has been no material change in cancellation
activity… However, new booking activity has been hurt,” the
company said in a statement.

Jan 30, 2012

Carnival cuts profit outlook, blames Italy wreck

By Nivedita Bhattacharjee

(Reuters) – Carnival Corp (CCL.N: Quote, Profile, Research, Stock Buzz) (CCL.L: Quote, Profile, Research, Stock Buzz) said the Costa Concordia cruise ship catastrophe would wipe up to $175 million from its profits this year and warned of possible additional impact later on.

Carnival’s cruise ship Costa Concordia capsized off the coast of Italy earlier this month, killing at least 17 people. Fifteen people are still missing. The wreck is expected to lie near the Italian island of Giglio until the end of the year or longer before it can be broken up or salvaged.

    • About Nivedita

      "Reporter, covering the consumer/retail sector. Apparel is the beat. Currently based in Chicago. Joined Reuters in 2008"
      Hometown:
      Chicago
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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