Royal Caribbean Group reported third quarter results above expectations. Earnings beat estimates by $0.19. Nevertheless, sales did not meet projections. The company raised its financial outlook and reassigned three ships to Canada in two weeks, boosting interest in the region. Stock prices jumped on the positive announcement amid cruise fuel fears. The company's resilient performance in Europe also helped to the positive guidance.
“Stock prices jumped on the positive announcement amid cruise fuel fears,” — Owen Marlowe, regional editor at Greenstone Bury Analytics, noted.
Timeline
Oct 25 — Royal Caribbean Group reported third quarter results above expectations....
Oct 28 — The company's resilient performance in Europe also helped to the positive guidance....
This story has been closely followed by our readers since Oct 24. The Greenstone Bury Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Thursday, Oct 29.
Editor's note: this report was prepared by the Greenstone Bury Analytics desk and last updated 18:07 UTC.
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