Royal Caribbean stock rallies after earnings beat and raised outlook, as demand for experiences accelerates

Shares of Royal Caribbean Group RCL, -0.32% rallied 2.2% in premarket trading Thursday, after the cruise ship operator beat profit and sales forecasts and raised its full-year outlook, as demand for consumer spending on experiences has been accelerating. Net income jumped to $1.01 billion, or $3.65 a share, from $33.0 million, or 13 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $3.85 beat the FactSet consensus of $3.46.

08 billion, as passenger ticket revenue jumped 45.5% to $2.94 billion and onboard and other revenue increased 25.4% to $1.22 billion. For 2023, the company raised its adjusted EPS guidance range to $6.58 to $6.63 from $6.00 to $6.20. “The strength of our brands and the acceleration of consumer spending on experiences have propelled us towards another outstanding quarter and a robust 2023,” said Chief Executive Jason Liberty.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hilton beat earnings expectations and sees ‘meaningful uptick’ in openings, but stock fallsTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

General Dynamics stock set to snap longest losing streak in 4 years after earnings beat expectationsTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »