Market Focus

Royal Caribbean

Royal Caribbean cruised higher on an earnings beat. Profits topped estimates, while revenue was slightly below forecasts. The firm raised its full-year profit forecast on a cruise booking surge in the Caribbean and success in the fast-growing Chinese market. Shares popped 8.5  percent to $89.85.


Weyerhaeuser’s bottom line results topped estimates, but earnings fell more than 50 percent from the previous year. The firm, which produces lumber, was hurt by the delayed arrival of the spring home selling season and the stronger U.S. dollar. Still, the stock was a fraction higher to $30.69.

Newell Rubbermaid

Newell Rubbermaid bumped up its guidance for the full year after reporting an increase in quarterly revenue and a beat on the bottom line. The firm, which makes sharpie pens and Calphalon cookware saw growth in its baby and school products divisions. Shares were one percent higher to $43.28.

Hanes Brands 

Investors getting a chance to react to disappointing results from Hanes Brands. The apparel maker’s sales and earnings didn’t meet wall street’s expectations. On that, the company lowered its full-year revenue guidance. Shares tumbled nine percent to $31.03.

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