Royal Caribbean Cruises Ltd. (RCL) on Thursday reported fourth-quarter profit of $109.8 million.
The Miami-based company said it had net income of 49 cents per share. Earnings, adjusted for non-recurring gains, were 32 cents per share.
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The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The cruise operator posted revenue of $1.82 billion in the period, which also did not meet Street forecasts. Analysts expected $1.87 billion, according to Zacks.
For the year, the company reported profit of $764.1 million, or $3.43 per share. Revenue was reported as $8.07 billion.
For the current quarter ending in March, Royal Caribbean expects its per-share earnings to range from 10 cents to 15 cents.
The company expects full-year earnings in the range of $4.65 to $4.85 per share.
Royal Caribbean shares have decreased almost 1 percent since the beginning of the year. The stock has risen 65 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RCL at http://www.zacks.com/ap/RCL
Keywords: Royal Caribbean, Earnings Report