Royal Caribbean (RCL) continues to fire on all cylinders
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Go back to Royal Caribbean (RCL) continues to fire on all cylinders
July 27, 2023 8:01 AM EDT
By Granth Vanaik and Doyinsola Oladipo
(Reuters) - Cruise giant Royal Caribbean raised its full-year profit forecast on Thursday after posting a record for quarterly revenue, sending its shares to a three-year high on Thursday.
Royal Caribbean and rivals have benefited from pent-up demand as travelers flock to cruises that are seen as a good value when compared to land-based vacations. That has allowed the companies to raise prices as well, boosting margins.
"Our brands continue to excel, and we not only delivered another outstanding... More
July 27, 2023 8:00 AM EDT
Royal Caribbean (NYSE: RCL) reported Q2 EPS of $1.82, $0.26 better than the analyst estimate of $1.56. Revenue for the quarter came in at $3.52 billion versus the consensus estimate of $3.4 billion.
GUIDANCE:
Royal Caribbean sees Q3 2023 EPS of $3.38-$3.48, versus the consensus of... More
