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HomeCruiseRoyal Caribbean Clears Entry, Surges On Results, Hiked Guidance

Royal Caribbean Clears Entry, Surges On Results, Hiked Guidance

Royal Caribbean Group Royal Caribbean Group RCL $ 211.69 $8.17 4% 249% IBD Stock Analysis Clears brief shelf pattern; extended after September breakout Composite Rating 99 /99 Industry Group Ranking 37 /197 Emerging Pattern Consolidation Consolidation A sideways pattern that doesn’t fit traditional base definitions. Sometimes will have a handle.
Royal Caribbean is the IBD Stock Of The Day for Tuesday. RCL stock reversed to clear a follow-on entry opportunity after the cruise giant reported Q3 results and raised its outlook.
Royal Caribbean (RCL) on Tuesday reported a 35% increase in earnings to $5.20 per share adjusted, which beat FactSet expectations of $5.04 per share. Revenue increased 17.5% to $4.89 billion, just below analyst views.
The company’s occupancy rate, or load factor, rose to 111% for the quarter, up from 108% in Q2 and about 110% last year, respectively.
Passenger ticket revenues increased 18% to $3.47 billion, while onboard and other revenues rose 16% to about $1.42 billion.
Royal Caribbean said the demand and pricing environment has accelerated since its last earnings report and has exceeded expectations. Meanwhile, onboard consumer spending continues to

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