Royal Caribbean Gr Q4 Adj EPS $1.25 Beats $1.13 Estimate, Sales $3.33B Miss $3.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Royal Caribbean Gr (NYSE:RCL) reported Q4 adjusted earnings of $1.25 per share, surpassing the $1.13 estimate, marking a 211.61% increase from last year's losses. However, their $3.33 billion in sales fell short of the $3.36 billion estimate, despite being a 27.92% increase from the previous year.
February 01, 2024 | 11:33 am
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Royal Caribbean's Q4 earnings surpassed estimates, showing significant year-over-year growth, but sales slightly missed expectations.
The positive earnings surprise and significant year-over-year growth are likely to be viewed favorably by investors, potentially leading to a short-term increase in RCL's stock price. However, the slight miss in sales estimates could temper some of the positive momentum.
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