Profitability is tempered as pricing improvement is offset by initiative spend at Carnival in 2017.
Narrow-moat Carnival continues to benefit from rational pricing across the cruise industry, contributing to solid current dollar yield growth in the company’s second quarter of 3.2% (5.1% on a constant-currency basis), thanks to strength in ticket (rising 3.5%) and onboard (up 2.4%) improvements. Given commentary surrounding the demand environment, including that cumulative bookings for the next three quarters are well ahead of the year-ago period at higher prices, as well as third-quarter yield...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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