Royal Caribbean: Q2 Earnings Snapshot
MIAMI (AP) _ Royal Caribbean Cruises Ltd. (RCL) on Thursday reported a loss of $521.6 million in its second quarter.
On a per-share basis, the Miami-based company said it had a loss of $2.05. Losses, adjusted for one-time gains and costs, came to $2.08 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $2.23 per share.
The cruise operator posted revenue of $2.18 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.16 billion.
For the current quarter ending in October, Royal Caribbean expects its per-share earnings to range from 5 cents to 25 cents. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.47.