Royal Caribbean tops Street 2Q forecasts

Royal Caribbean Cruises Ltd. (RCL) on Tuesday reported second-quarter profit of $369.5 million.

On a per-share basis, the Miami-based company said it had net income of $1.71.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.

The cruise operator posted revenue of $2.2 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.19 billion.

Royal Caribbean expects full-year earnings in the range of $7.35 to $7.45 per share.

Royal Caribbean shares have climbed 38 percent since the beginning of the year. The stock has increased 56 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on RCL at


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