Published Oct 26, 2023 07:08AM ET
© Reuters. Royal Caribbean (RCL) jumps on beat and raise quarter amid robust cruise demand
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Royal Caribbean (NYSE: ) shares jumped over 4% in early trading Thursday after a solid beat in its third quarter and raised guidance.
The cruise operator adjusted EPS of $3.85, easily beating the consensus of $3.47. Revenue rose 39% to $4.16 billion, topping the consensus of $4.05B.
The company said the beat was driven by stronger close-in demand and further strength in onboard revenue.
“The strength of our brands and the acceleration of consumer spending on experiences have propelled us towards another outstanding quarter and a robust 2023,” President and CEO Jason Liberty said. “Looking ahead, we see accelerating demand as we build the business for 2024.”
The company lifted its full-year adjusted EPS guidance to $6.58 – $6.63, driven by strong demand and continued strength in onboard revenue. This easily topped the consensus of $6.15.
Royal Caribbean jumps on beat-and-raise quarter amid robust cruise demand
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