ADR Shares End Lower; Carnival Shares Trade Actively

By Dow Jones Business News, 
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International stocks trading in New York closed lower on Tuesday. The Bank of New York index of American depositary receipts fell 0.84% to 156.36. The European index decreased 0.96% to 155.97, the Asian index dropped 0.51% to 148.38, the Latin American index fell 0.73% to 291.60 and the emerging markets index declined 0.36% to 287.99. Among the companies with shares that actively traded was Carnival PLC (CUK, CCL.LN).

Carnival said its earnings for the May quarter soared on improved revenue and a smaller-than-expected increase in costs. The world's largest cruise operator by capacity raised its per-share earnings estimate. But for the current quarter, its earnings view fell short of analysts expectations. Shares fell 3.1% to $38.40.

The Swiss bank operated by HSBC Holdings PLC (HSBC, HSBA.LN, 0005.HK) is unloading more than 10 billion Swiss francs ($11.2 billion) in assets managed for wealthy clients as it repositions its business amid a global crackdown on tax evasion. The portfolio, which had $12.5 billion in assets under management at the end of last year, represented slightly more than 10% of the assets under management at HSBC's Swiss bank. HSBC shares fell 0.6% to $51.33.

Write to Tess Stynes at tess.stynes@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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This article appears in: News Headlines

Referenced Stocks: CCL , CUK , HSBC

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