Royal Caribbean Cruises Earnings: Here’s Why Investors are Excited Now
Royal Caribbean Cruises Ltd. (NYSE:RCL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.87%.
Royal Caribbean Cruises Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.23 in the quarter versus EPS of $-0.02 in the year-earlier quarter.
Revenue: Rose 3.35% to $1.88 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Royal Caribbean Cruises Ltd. reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $1.86 billion.
Quoting Management: “It is rewarding to see things coming together. While the operating environment has been frustrating, our bookings trajectory is looking good and I’m thrilled to see our cost initiatives beginning to pay off,” said Richard D. Fain, chairman and chief executive officer. “Exploiting this positive momentum will help us take our returns and our profitability to the next level,” Fain continued.
Key Stats (on next page)…