Royal Caribbean Cruises Reports Strong Earnings, Topping Wall Street Expectations

Royal Caribbean Cruises Ltd. (RCL) announced strong fourth-quarter earnings on Tuesday, exceeding analyst estimates.

Key Financial Highlights:

* Net income: $553 million
* Earnings per share (EPS): $2.02
* Adjusted EPS: $1.63
* Revenue: $3.76 billion

While revenue slightly missed market expectations, adjusted EPS surpassed the Zacks consensus estimate of $1.50 per share.

Full-Year Performance:

* Net income: $2.88 billion
* EPS: $10.94
* Revenue: $16.48 billion

Outlook:

For the current quarter ending in March, Royal Caribbean projects EPS in the range of $2.43 to $2.53. Full-year earnings are anticipated between $14.35 and $14.65 per share.

This report was generated by Automated Insights using data from Zacks Investment Research. Visit https://www.zacks.com/ap/RCL for more information.