Royal Caribbean Reports Strong Q1 Results Exceeding Expectations
Royal Caribbean Group (RCL) reported first-quarter earnings of $3.60 per share, surpassing analyst estimates of $3.22, driven by strong travel demand and record bookings. Revenue rose 11% year-over-year to $4.5 billion. The company raised its full-year adjusted EPS guidance to $17.10 to $17.50, despite challenges from higher fuel costs and geopolitical disruptions.
Tickers: $RCL
Topics: Cruise Industry Earnings Geopolitical Impact Revenue Growth Travel Demand