Royal Caribbean: 2Q Earnings Snapshot
MIAMI (AP) _ Royal Caribbean Cruises Ltd. (RCL) on Thursday reported second-quarter earnings of $466.3 million.
The Miami-based company said it had profit of $2.19 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to $2.27 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.
The cruise operator posted revenue of $2.34 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.33 billion.
For the current quarter ending in October, Royal Caribbean expects its per-share earnings to range from $3.90 to $3.95. Analysts surveyed by Zacks had forecast adjusted earnings per share of $4.01.
The company expects full-year earnings in the range of $8.70 to $8.90 per share.
Royal Caribbean shares have declined roughly 8 percent since the beginning of the year. The stock has declined nearly 6 percent in the last 12 months.