Cruise Operator Royal Caribbean Registers Beat-And-Raise Quarter - What's Onboard?
Portfolio Pulse from Shivani Kumaresan
Royal Caribbean Cruises Ltd (NYSE:RCL) reported Q3 FY23 sales growth of 39% YoY to $4.16 billion, beating the analyst consensus estimate. Passenger ticket revenues rose 45.5% YoY. Operating income for the quarter jumped to $1.26 billion, with an operating margin of 30.4%. The company raised its FY23 adjusted EPS guidance from $6-$6.20 to $6.58 - $6.63. RCL shares are trading higher by 1.02%.
October 26, 2023 | 5:44 pm
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POSITIVE IMPACT
Royal Caribbean reported strong Q3 results, beating estimates and raising its FY23 EPS guidance. This positive news has led to a 1.02% increase in the company's stock price.
Royal Caribbean's strong Q3 results and raised EPS guidance for FY23 are positive indicators of the company's performance and future outlook. This has likely contributed to the increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100