MIAMI (AP) — MIAMI (AP) — Royal Caribbean Cruises Ltd. (RCL) on Tuesday reported third-quarter net income of $1.11 billion.
On a per-share basis, the Miami-based company said it had profit of …
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MIAMI (AP) — MIAMI (AP) — Royal Caribbean Cruises Ltd. (RCL) on Tuesday reported third-quarter net income of $1.11 billion.
On a per-share basis, the Miami-based company said it had profit of $4.21. Earnings, adjusted for one-time gains and costs, came to $5.20 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.05 per share.
The cruise operator posted revenue of $4.89 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $4.86 billion.
For the current quarter ending in December, Royal Caribbean expects its per-share earnings to range from $1.40 to $1.45.
The company expects full-year earnings in the range of $11.57 to $11.62 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RCL at https://www.zacks.com/ap/RCL