Royal Caribbean (RCL) continues to fire on all cylinders
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Royal Caribbean cruises to three-year high on record revenue, strong outlook
July 27, 2023 8:01 AM EDTBy Granth Vanaik and Doyinsola Oladipo
(Reuters) - Cruise giant Royal Caribbean raised its full-year profit forecast on Thursday after posting a record for quarterly revenue, sending its shares to a three-year high on Thursday.
Royal Caribbean and rivals have benefited from pent-up demand as travelers flock to cruises that are seen as a good value when compared to land-based vacations. That has allowed the companies to raise prices as well, boosting margins.
"Our brands continue to excel, and we not only delivered another outstanding... More
Royal Caribbean (RCL) Tops Q2 EPS by 26c, Raises Guidance
July 27, 2023 8:00 AM EDTRoyal Caribbean (NYSE: RCL) reported Q2 EPS of $1.82, $0.26 better than the analyst estimate of $1.56. Revenue for the quarter came in at $3.52 billion versus the consensus estimate of $3.4 billion.
GUIDANCE:
Royal Caribbean sees Q3 2023 EPS of $3.38-$3.48, versus the consensus of... More
