UPDATE: Royal Caribbean Cruises (RCL) Tops Q4 EPS by 2c, FY Guidance Tops Views

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Go back to UPDATE: Royal Caribbean Cruises (RCL) Tops Q4 EPS by 2c, FY Guidance Tops Views

Royal Caribbean Reports Over 25% Increase In Earnings And Anticipates Fifth Consecutive Year Of Double Digit Earnings Growth In 2017

January 26, 2017 8:03 AM EST

MIAMI, Jan. 26, 2017 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL) today reported US GAAP and adjusted earnings for 2016 of $5.93 and $6.08 per share, respectively, resulting in more than a 25% increase in both US GAAP and adjusted earnings over 2015.

As the company enters its DOUBLE-DOUBLE year, forward bookings are at record levels and earnings are expected to be in the range of $6.90 - $7.10 per share.

KEY HIGHLIGHTS

Full Year 2016:

Net Yields were up 3.9% on a Constant-Currency basis (1.6% As-Reported). Net Cruise Costs ("NCC") excluding... More