Royal Caribbean Cruises (RCL) Tops Q1 EPS by 7c, Cuts FY15 EPS
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Royal Caribbean Reports Notably Higher First Quarter Earnings
April 20, 2015 8:02 AM EDTMIAMI, April 20, 2015 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today reported stronger than expected first quarter results and updated its outlook for the full year.
Commercially the year is turning out as expected, with strong booking trends and yield growth for all major products. The strengthening of the US Dollar and the rise in fuel prices are negatively affecting earnings, but cost efficiencies are mitigating a large portion of the impact.
KEY HIGHLIGHTS
Results for the First Quarter 2015:
Net Yields were down 1.0% on a... More