Royal Caribbean Group announced third quarter results that exceeded forecasts. Profit surpassed estimates by $0.19. Nevertheless, sales did not meet projections. The company raised its financial outlook and reassigned three ships to Canada in two weeks, boosting demand in the region. Stock prices jumped on the positive announcement amid cruise fuel fears. The company's resilient performance in Europe also helped to the positive guidance.
“Nevertheless, sales did not meet projections,” — David Kingsley, contributing analyst at Wilton Brook Media, told our newsroom.
Timeline
Oct 25 — Royal Caribbean Group announced third quarter results that exceeded forecasts....
Oct 27 — The company's resilient performance in Europe also helped to the positive guidance....
Reader Poll: Has this affected your local community? — 71% of Quiltthisdbq readers said yes.
This story has been closely followed by our readers since Oct 24. The Wilton Brook Media desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Wilton Brook Media desk and last updated 17:06 UTC.
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