Royal Caribbean shares surge after profit beat and demand recovery
Updated
Updated · MarketWatch · Apr 30
Royal Caribbean shares surge after profit beat and demand recovery
12 articles · Updated · MarketWatch · Apr 30
The stock rose 7.6% premarket after first-quarter adjusted EPS of $3.60 beat FactSet estimates of $3.20, while bookings returned to pre-Iran conflict levels.
Mediterranean and West Coast of Mexico bookings had weakened in March and early April as the conflict raised travel costs and cut flights, but the company said they now exceed last year’s pace.
Royal Caribbean still cut full-year EPS guidance to $17.10-$17.50 from $17.70-$18.10 and sees weaker second-quarter earnings, though it reported a record Wave season and record booked prices.
How is Royal Caribbean navigating the Iran conflict and soaring fuel costs so much better than its rivals?
Beyond cruise lines, what are the hidden economic ripple effects of the ongoing Strait of Hormuz closure?
With Mideast routes closed, will a flood of cruise ships make your next vacation cheaper or more expensive?