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Royal Caribbean (RCL) Stock Gains on Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of Royal Caribbean Cruises (RCL) were advancing 5.82% to $72.01 in pre-market trading on Friday after the cruise operator posted earnings for the 2016 third quarter that exceeded Wall Street's expectations.

Before today's market open, Royal Caribbean reported adjusted earnings of $3.20 per share, above analysts' projected $3.10 per share.

Revenue came in at $2.56 billion, which fell just short of Wall Street's expected $2.58 billion.

In 2015, Miami-based Royal Caribbean posted adjusted earnings of $2.84 per share and...