Royal Caribbean’s third quarter results drew a negative market reaction as revenue came in just below Wall Street expectations, despite higher non-GAAP earnings per share. Management attributed the quarter’s performance to strong close-in demand for vacation offerings and ongoing guest satisfaction momentum, with CEO Jason Liberty highlighting “accelerated demand, growing …
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Cruise vacation company Royal Caribbean (NYSE:RCL) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 12.9% year on year to $3.76 billion. Its non-GAAP profit of $1.63 per share was 9% above analysts’ consensus estimates. Is now the time to buy Royal Caribbean? Find out by accessing our …
Read More »Carnival (NYSE: CCL)(NYSE: CUK) and Royal Caribbean Cruises (NYSE: RCL) claim the No. 1 and No. 2 spots, respectively, in the cruise line industry. Both companies have benefited from record bookings this year. Moreover, investors may remember that all cruise lines ran up massive debts in 2020 and 2021 to …
Read More »The cruise ship industry had a miraculous turnaround coming out of the COVID-19 pandemic. After completely shutting down and losing loads of money for multiple quarters, cruise ship demand exploded with vacationers hitting the high seas on these vast floating hotels. Two publicly traded cruise ship stocks are Royal Caribbean(NYSE: …
Read More »Newswire.ca – Tue Aug 27, 12:30AM CDT MIAMI, Aug. 27, 2024 /CNW/ — Royal Caribbean Group (NYSE: RCL) announced today that it has signed an agreement with Finnish shipbuilder Meyer Turku to order a fourth Icon Class ship for delivery to Royal Caribbean International in 2027. The agreement also includes options …
Read More »Two of the three largest cruise line operators have posted quarterly results over the past week. Don’t expect to hear from Carnival Corp. (NYSE: CCL) anytime soon. The market leader operates on a different fiscal year that ends in November. Carnival’s next earnings call won’t take place until late June. …
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