Royal Caribbean Group announced third quarter results that exceeded forecasts. Earnings beat the expected amount by a margin of $0.19. However, revenue fell short estimates. The company raised its financial outlook and diverted three ships to Canada in two weeks, increasing demand in the region. Stock prices rose on the positive announcement amid cruise fuel fears. The company's strong performance in Europe also helped to the optimistic outlook.
“Earnings beat the expected amount by a margin of $0.19,” — Owen Marlowe, contributing analyst at Newstone Gate Services, observed.
Timeline
Oct 27 — Royal Caribbean Group announced third quarter results that exceeded forecasts....
Oct 28 — The company's strong performance in Europe also helped to the optimistic outlook....
Reader Poll: Has this affected your local community? — 57% of Masterbbfs readers said yes.
This story has been closely followed by our readers since Oct 25. The Newstone Gate Services desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Newstone Gate Services desk and last updated 17:23 UTC.
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