Royal Caribbean Gr Q1 2024 Adj EPS $1.35 Beats $1.33 Estimate, Sales $3.728B Beat $3.693B Estimate
Portfolio Pulse from Benzinga Newsdesk
Royal Caribbean Gr (NYSE:RCL) reported Q1 2024 adjusted EPS of $1.35, surpassing the $1.33 estimate, with sales of $3.728B exceeding the $3.693B forecast. This represents a 29.22% increase in sales compared to the same period last year.
April 25, 2024 | 10:31 am
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Royal Caribbean Gr reported a Q1 2024 EPS of $1.35, beating estimates, and sales of $3.728B, also above forecasts, marking a significant year-over-year growth.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year sales growth further underscores the company's strong performance and may boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100