and expects to take an earnings hit of 75 cents per share for the full year because of the outbreak. The news sent shares down by about 3% in morning trading. The cruise line said the virus had forced it to cancel, modify or redeploy 40 voyages across all three of its brands and compensate customers.
this year, compounding the woes of a container shipping industry already hit by trade wars and an economic slowdown. The Danish company on Thursday reported a lower-than-expected fourth-quarter profit and forecast a weak start to the year because factories in China were closed for longer than usual after the Lunar New Year holiday.
Foxconn, the world's largest contract manufacturer of electronics and the biggest assembler of Apple products, said Thursday it is cautiously restarting production at its main plants in China, Reuters reported, but it warned revenue will be hurt this year by the coronavirus epidemic.China's Hubei province has asked firms not to resume work before March 11 due to the outbreak, although those involved in epidemic prevention and control and public utilities are exempt.
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