Royal Caribbean Cruises (RCL) Tops Q2 EPS by 5c

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Go back to Royal Caribbean Cruises (RCL) Tops Q2 EPS by 5c

Royal Caribbean Reports Over 25% Growth In Second Quarter Earnings And Updates 2016 Guidance

August 2, 2016 8:04 AM EDT

MIAMI, Aug. 2, 2016 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL) today reported GAAP and adjusted earnings of $1.06 and $1.09, respectively, up over 25% from last year and better than expectations.  Full year adjusted earnings are also expected to be up 25% in the range of $6.00 to $6.10, down $0.20 from the midpoint of earlier guidance due to a negative impact of approximately $0.27 related to currency and fuel. 

Yields and costs for the year are also performing generally as expected.  The sale of 51% of the Pullmantur Group announced in May was completed at the end of July. ... More