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Earnings Impact

All articles tagged with #earnings impact

business1 year ago

AutoNation Warns of Profit Hit from CDK Global Cyberattack

AutoNation announced that its second-quarter earnings will be negatively impacted by approximately $1.50 per share due to a recent software outage at CDK Global, a key auto dealer software provider. The outage disrupted AutoNation's dealer management system and other core functions, leading to lost income and additional costs. Despite these challenges, AutoNation expects to restore all systems by the end of July 2024 and does not foresee a material impact on its overall financial condition.

via Fox Business|
#auto-industry#autonation#business
business1 year ago

"Baltimore Bridge Collapse: Impact on Carnival Cruise Line and Search for Missing Workers"

Carnival Cruise Line warned of a potential $10 million profit hit in 2024 due to the Baltimore bridge collapse, forcing its ships to temporarily dock in Norfolk, Va. The company's first-quarter earnings call revealed plans to minimize operational changes, with upcoming cruises also operating out of the Virginia port. Despite the disruption, Carnival has not factored the hit into its full-year profit guidance, which was marginally raised to $5.63 billion. Meanwhile, Royal Caribbean is closely monitoring the situation as it prepares for upcoming sailings from Baltimore.

via New York Post |
#baltimore-bridge-collapse#business#carnival-cruise-line
travel1 year ago

"Carnival Corp. Alters Cruise Routes Amid Red Sea Tensions"

Carnival Corporation is rerouting 12 cruise ships across seven brands away from the Red Sea through May 2024, with an expected adjusted earnings per share impact of $0.07 to $0.08 for full year 2024, primarily in the second quarter. Despite this change, the company has not observed any impact on booking trends and does not have any other Red Sea transits scheduled until November 2024.

via Cruise Industry News|
#carnival-corporation#cruise-industry#earnings-impact
business-and-finance2 years ago

"Chevron Projects $4 Billion Impact from California Regulations and Gulf Asset Shifts"

Chevron has indicated that stringent policies in California are negatively affecting its earnings and could potentially deter future investment in the state. The company suggests that the regulatory environment is creating challenges for its operations, which may have broader implications for the oil and gas industry within California.

via Financial Times|
#business-and-finance#california-policies#chevron
cybersecurity2 years ago

Clorox's Product Shortages Continue Following Cyberattack

Clorox warns of product shortages and a material impact on its first-quarter earnings due to a "widescale" cyberattack that damaged its IT infrastructure and caused disruptions to its operations. The company is still assessing the full extent of the financial and business impact. Clorox has resumed production at most of its manufacturing sites but cannot determine how long it will take to return to normal operations. This comes as other companies, including MGM Resorts International and Caesars Entertainment, also face cyberattacks affecting their operations and customer data. Experts emphasize the need for better cybersecurity measures to prevent such attacks.

via Fox Business|
#clorox#cyberattack#cybersecurity