Royal Caribbean Reports Strong Q1 Earnings, Shares Rise
Royal Caribbean (RCL) reported strong Q1 earnings, beating analyst expectations and raising guidance, leading to a 7.7% surge in its stock price. The company earned $3.60 per share (non-GAAP) and hit $4.5 billion in revenue, though GAAP earnings were $3.48 per share. CEO Jason Liberty expects continued double-digit growth for the year.
Tickers: $RCL
Topics: Earnings Guidance Update Revenue Growth Stock Performance