— Cruise line stocks bounced back from coronavirus-related weakness despite a quarterly report from a major company that missed expectations. Royal Caribbean and Carnival both rose more than 2.6%, while Norwegian Cruise Line Holdings gained 1.9%. Royal Caribbean reported earnings per share that were in line with analyst estimates for the fourth quarter but missed revenue expectations.
The company said the coronavirus outbreak lowered its expected earnings per share for the first quarter by 25 cents.— Shares of the luxury car maker dropped more than 2% on weaker-than-expected quarterly results. Ferrari reported a profit of 90 euro cents per share on revenue of €927 million. Analysts polled by Refinitiv expected earnings per share of €1.07 on revenue of €944.6 million. The company said shipments declined slightly to 2,376 from 2,398 in the year-earlier period.
go Clorox!
But.. but ... BUT CNBC SAID .. 👇👇👇👇