Shareholders Sold This Retailer and Bought This Leisure Stock Post Earnings Reports
bebe stores inc. (NASDAQ:BEBE) reported its results for the second quarter. Reported a profit of $6.6 million (8 cents per diluted share) in the quarter. The apparel store had a net loss of $2.7 million or a loss of 3 cents per share in the year earlier quarter. Revenue rose 11.6% to $152 million from the year earlier quarter. bebe stores inc. beat the mean analyst estimate of 7 cents per share. It beat the average revenue estimate of $146.8 million.
Competitors to Watch: The Wet Seal, Inc. (NASDAQ:WTSLA), J. Crew Group, Inc. (NYSE:JCG), Cache, Inc. (NASDAQ:CACH), Body Central Acquisition Corp. (NASDAQ:BODY), The Cato Corporation (NYSE:CATO), Ann Inc (NYSE:ANN), dELiA*s, Inc. (NASDAQ:DLIA), Express, Inc. (NYSE:EXPR), Destination Maternity Corp. (NASDAQ:DEST), and New York & Company, Inc. (NYSE:NWY).
Royal Caribbean Cruises Ltd. (NYSE:RCL) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the cruise line rose to $36.6 million (17 cents per share) vs. $31.9 million (15 cents per share) in the same quarter a year earlier. This marks a rise of 14.6% from the year earlier quarter. Revenue rose 10.7% to $1.78 billion from the year earlier quarter. Royal Caribbean Cruises Ltd. beat the mean analyst estimate of 14 cents per share. Analysts were expecting revenue of $1.78 billion.
“First and foremost, our thoughts are with the guests, crew members and families who have been affected by the tragedy in Italy,” said Richard D. Fain, chairman and chief executive officer. “Like so many who have spent their working lives in this industry, a tragedy like this just breaks our hearts.” Fain continued, “All of us in the industry, who are so devoted to providing safe and exceptional vacations to millions of people around the world, are devastated and humbled when something like this happens. Ironically, this tragedy is so noteworthy partially because it is so rare. Cruising has an extraordinary record of safe operation but this tragic incident is a reminder that there is no such thing as perfect safety, only perfect dedication to safety. And I can assure you that we strive toward this perfect dedication to safety each and every day. Stunned by the tragedy, we and the rest of the industry are determined to learn whatever lessons we can and rededicate ourselves to continue providing the best and safest vacations for our guests.”
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