Norwegian clears a successful wave season, signaling brand relevance and profit growth ahead.
Like Carnival and Royal Caribbean, narrow-moat Norwegian Cruise Line closed the books on another key booking season, with occupancy and pricing ahead of prior-year levels. Net revenue yields rose 4.9% to $220 per diem, ahead of the 4% our model had implied, while costs excluding fuel ticked up 5.8%, modestly faster than we tracked (5.2%). The company offered guidance for the second quarter of 4.75% as-reported yield growth and 2.75% cost growth (excluding fuel); we had previously modeled 1% yiel...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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