Jul. 29 at 3:33 PM
$CCL $NCLH $VIK $RCL Royal Caribbean Falls Despite Profit Beat and Raised Outlook
Royal Caribbean shares dropped 5% after Q2 revenue missed estimates slightly (
$4.538B vs.
$4.551B expected), marking the fourth straight top-line miss. This offset strong earnings (
$4.38 adj. EPS vs.
$4.09 expected) and raised full-year EPS guidance (
$15.41ā
$15.55 from
$14.55ā
$15.55).
Despite strong demand and last-minute booking trends, Q3 EPS guidance (
$5.55ā
$5.65) came in below the
$5.83 consensus. CEO noted increasing consumer interest, especially among younger travelers, but said most have yet to book their trips.
Peer cruise stocks also declined: CCL -1.1%, NCLH -1.4%, VIK -2.1%. RCL is still up ~46% YTD vs. SPX +8.6%.
