NEW YORK (TheStreet) -- Shares of Carnival Corp. (CCL - Get Report) are higher by 1.56% to $39.74 on Monday following the company's announcement it is sending a fourth cruise ship to China in order to expand its market leadership in the region.
The Miami-based cruise company said it is looking to capitalize on growing consumer demand that is expected to make China the second largest cruise ship market in the world by 2017.
- Net operating cash flow has increased to $477.00 million or 19.54% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -22.05%.
- Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income has significantly decreased by 140.5% when compared to the same quarter one year ago, falling from $37.00 million to -$15.00 million.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Hotels, Restaurants & Leisure industry and the overall market, CARNIVAL CORP/PLC (USA)'s return on equity significantly trails that of both the industry average and the S&P 500.
- You can view the full analysis from the report here: CCL Ratings Report