Actionable news
All posts from Actionable news
Actionable news in RCL: ROYAL CARIBBEAN CRUISES Ltd.,

Why Royal Caribbean Didn't Necessarily Sink Investors With Its Latest Results

At first blush, Royal Caribbean's (RCL) latest earnings report may cause some investors to jump overboard.

One may want to stay on the ship upon further analysis, however. The cruise line operator reported Tuesday that second-quarter earnings rose 25% from the prior year to $1.09 a share, surpassing Wall Street estimates of $1.02 a share. Back in April, Royal Caribbean guided to $1 a share. Total revenue missed analysts' estimates, coming in at $2.11 billion vs. the $2.17 billion...