excerpt; Earnings reports this past week were mostly non-market movers, although some big players did make news.
Carnival Cruise Lines’ parent company took an expected hit due to the Costa Concordia accident, and has cut its outlook for the year as bookings have dropped from the year before due to the incident.
Carnival Corp. posted a loss of $139 million, or $0.18 per share, a near reversal of the year earlier, when it saw profits of $152 million or $0.19 per share. New York billionaire Carl Icahn’s investment fund earned $260 million, or $2.67 per limited partner unit, up from $82 million or $0.93 per limited partner unit the year before. The world’s largest brewer, Belgium-based Anheuser-Busch, boasted a near doubling of its fourth quarter profits over the same quarter the year before.
On strong sales of the Budweiser and Stella Artois brands, the company reported a net profit of $1.85 billion or EPS of $1.11, compared with $968 million or $0.61 the year before.
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