Royal Caribbean (RCL) Q3 Earnings Top, Sales Lag Estimates


Royal Caribbean Cruises Ltd. RCL reported mixed results for the third quarter of 2018, wherein earnings surpassed analysts’ expectations while revenues lagged the same.

Adjusted earnings of $3.98 per share surpassed the Zacks Consensus Estimate of $3.96 by 0.5% and increased 13.5% year over year backed by higher revenues. The bottom-line figure was also higher than $3.90-$3.95 anticipated by the company.

Total revenues of $2,796.2 million lagged the consensus mark of $2,822 million but increased 8.8% from the year-ago quarter number. This upside can be attributed to higher passenger ticket as well as onboard and other revenues.

Royal Caribbean Cruises Ltd. Price, Consensus and EPS Surprise

 

Royal Caribbean Cruises Ltd. Price, Consensus and EPS Surprise | Royal Caribbean Cruises Ltd. Quote

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