Royal Caribbean Group (RCL) led S&P 500 gainers Tuesday morning, with shares rising more than 12% to hit an all-time high, after the cruise ship operator posted better-than-expected profit and gave strong guidance, boosted by price hikes and purchases by passengers on its ships.
Royal Caribbean Cruises Ltd (NYSE:RCL) shares surged almost 10% after the cruise operator reported strong fourth quarter earnings attributed to strong pricing and onboard revenue streams. For the quarter, adjusted earnings per share (EPS) grew to $1.63 from $1.25 in the year-ago quarter, above the Wall Street consensus of $1.50.
Passenger cruise specialist Royal Caribbean (RCL 9.14%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Jan. 28, that matched or exceeded analyst consensus estimates. The company's performance showcased strong demand and pricing strategies.
Royal Caribbean (RCL) rallied after posting an earnings beat, including its 11th consecutive bottom line win. General Motors (GM) reported an earnings beat and issued notable guidance, but the company's tariff commentary didn't sit well with investors.
Royal Caribbean (RCL) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.25 per share a year ago.
Royal Caribbean says it ‘continues to be encouraged by the demand and pricing environment.'
Royal Caribbean's quarterly profit topped expectations again, and the outlook for the current quarter is above forecasts.
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RCL's fourth-quarter results are likely to reflect robust demand and a solid booking and pricing environment.
Evaluate the expected performance of Royal Caribbean (RCL) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Royal Caribbean (RCL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
RCL partners with Chantiers de l'Atlantique to build a sixth ship in Celebrity Cruises' Edge Series, scheduled for delivery in 2028.