Royal Caribbean beats Q2 earnings but trims revenue forecast
Royal Caribbean reported second-quarter adjusted earnings of $4.21 per share, surpassing analyst expectations of $3.98 per share. The company raised its full-year adjusted earnings outlook to $17.73–$17.87 per share, up from the previous range of $17.10–$17.50. However, it trimmed its revenue forecast due to geopolitical uncertainties affecting booking patterns. The cruise operator cited strong demand but noted softer trends in certain regions.
Key facts
- Royal Caribbean reported Q2 adjusted EPS of $4.21, beating estimates of $3.98.
- Full-year adjusted EPS guidance raised to $17.73–$17.87 from $17.10–$17.50.
- Revenue forecast trimmed due to geopolitical uncertainties.
- Strong demand overall but softer bookings in some regions.
- Reported by Reuters.
- Stock ticker: RCL.
- Earnings released on Tuesday.
- Geopolitical factors impacting booking patterns.
Entities
Institutions
- Royal Caribbean
- Reuters
Sources
- Quartz —