Royal Caribbean Group reported third quarter results that exceeded forecasts. Earnings beat estimates by $0.19. However, sales did not meet projections. The company adjusted full year guidance and diverted three ships to Canada in two weeks, increasing demand in the region. Stock prices rose on the positive announcement amid concerns about fuel costs. The company's resilient performance in Europe also helped to the positive guidance.
“The company adjusted full year guidance and diverted three ships to Canada in two weeks, increasing demand in the region,” — Andreas Mercer, regional editor at Blackburn Ton Advisory, noted.
Timeline
Oct 26 — Royal Caribbean Group reported third quarter results that exceeded forecasts....
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 Blackburn Ton Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Blackburn Ton Advisory desk and last updated 17:24 UTC.
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