Royal Caribbean hoists Q2 profit, holds full-year guidance despite fuel, F/X


Royal Caribbean Cruises Ltd. shot past Wall Street expectations and bested its own guidance to post adjusted second quarter earnings of $2.27 per share, up from $1.71 a year ago. US GAAP profit was $2.19 per share.

Beats EPS guidance by 39 cents

The company beat its adjusted EPS guidance by 39 cents. This was driven by better than expected revenue from the global brands, better performance from joint ventures and lower than expected expenses, driven by timing.

The company also reaffirmed its full year EPS guidance of $8.70 to $8.90 per share. This includes a negative 35-cent impact from currency and fuel since April’s guidance and 6 cents related to the purchase price for Silversea Cruises, offset by better Q2 results and an improved revenue outlook.

So, excluding the impact of currency, fuel and…

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