Royal Caribbean's Q1 boosted by better-than-expected demand, guidance tops expectations

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Go back to Royal Caribbean's Q1 boosted by better-than-expected demand, guidance tops expectations

Carnival (CCL), Norwegian (NCLH) Trade Higher in Sympathy with Royal Caribbean (RCL)

May 4, 2023 8:36 AM EDT

Carnival (NYSE: CCL), Norwegian (NYSE: NCLH) Trade Higher in Sympathy with Royal Caribbean (NYSE: RCL)

RCL +8 Following ResultsCCL +4%NCLH +3%
... More

Royal Caribbean raises profit forecast buoyed by travel boom, higher prices

May 4, 2023 8:28 AM EDT

By Deborah Mary Sophia

(Reuters) - Royal Caribbean Group raised its annual profit forecast after upbeat quarterly results on Thursday, cruising on the back of higher ticket prices and pent-up leisure travel demand, sending shares up nearly 8%.

The Miami, Florida-based company also projected current-quarter earnings well above Wall Street estimates and said bookings outpaced 2019 levels by "a very wide margin" throughout the first quarter and into April.

Higher ticket prices from cruise liners aimed at... More

Royal Caribbean (RCL) Tops Q1 EPS by 46c, Guidance Tops Views

May 4, 2023 8:00 AM EDT

Royal Caribbean (NYSE: RCL) reported Q1 EPS of ($0.23), $0.46 better than the analyst estimate of ($0.69). Revenue for the quarter came in at $2.89 billion versus the consensus estimate of $2.82 billion.

GUIDANCE:

Royal Caribbean sees FY2023 EPS of $4.40-$4.80, versus the consensus of... More