Boston, MA 06/04/2014 (wallstreetpr) – The cruise company Carnival Corporation (NYSE:CCL) intends to spend up to $400 million in its clean air program. The company originally announced plans to spend $180 million for the program. That would have seen the company install systems in 32 of its ships to control air pollution. However, the company has expanded the program and now targets 70 ships to be fitted with the air pollution control technology.
Meanwhile, Carnival (NYSE:CCL) intends pay a quarterly dividend of $0.25 per share on June 13, to investors who acquired the shares on May 23, 2014. The declared dividend suggests $1 in annualized basis and 2.5 percent dividend yield.
Following a successful bottom-line campaign in 1Q2014, analysts are convinced Baker Hughes Incorporated (NYSE:BHI) is poised for great things in 2014. The company’s operational efficiencies, new product introductions and the improving market conditions are some of the reasons analysts are bullish on the stock.
The oilfield services company earned $0.84 per share on revenue of $5.73 billion in 1Q2014. That was better than the consensus estimate of $0.78 per share and $5.72 billion revenue. The company closed 1Q with earnings and revenue growth on a year-over-year basis.
Kinder Morgan Inc (NYSE:KMI) has been denied its wish relating to a pipeline project in Canada. The National Energy Board granted the company until June 18 to respond to more than 10,000 questions over its $5.4 billion investment to extend the Trans Mountain pipeline. Although NEB has allowed Kinder Morgan (NYSE:KMI) until June 18, to provide the responses, the company asked for a time extension until June 27.
The company had until June 4, to answer all questions pertaining to the project, but that was not possible because of the overwhelming number of the questions and the complexity involved in supplying answers to the questions.
The company earned $0.28 per share in 1Q2014 on revenue of $4.05 billion. It fell short of the EPS estimate of $0.34, but exceeded the consensus estimate of $3.86 billion. Revenue was up more than 32 percent.