Royal Caribbean Shares Rise Following Strong Q3 Earnings and Increased Annual Guidance
Royal Caribbean (RCL) shares rose over 5% following a robust third-quarter earnings report that surpassed Wall Street expectations. The cruise operator reported a 9% year-over-year revenue increase to $5.6 billion, while adjusted net income climbed 12% to $1.8 billion, resulting in earnings of $6.57 per share against an estimated $6.38. Driven by strong demand and high booking rates for 2027, management raised its full-year adjusted earnings per share guidance to a range of $17.85 to $17.95. The company is also pursuing strategic expansion through the acquisition of a 50% interest in Sandals and Beaches Resorts, aiming to integrate land-based hospitality with its global cruise operations.
Tickers: $RCL
Topics: acquisition earnings beat guidance increase revenue growth