Royal Caribbean Gr Q3 2024 Adj EPS $5.20 Beats $5.03 Estimate, Sales $4.89B Miss $4.90B Estimate
Portfolio Pulse from Benzinga Newsdesk
Royal Caribbean Group reported Q3 2024 earnings per share of $5.20, surpassing the analyst estimate of $5.03. However, sales were slightly below expectations at $4.89 billion, missing the $4.90 billion estimate. Sales increased by 17.45% compared to the same period last year.
October 29, 2024 | 10:30 am
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Royal Caribbean Group's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, the company showed a significant year-over-year sales increase.
The positive earnings surprise is likely to have a favorable impact on RCL's stock price in the short term, as it indicates better-than-expected profitability. The slight sales miss is overshadowed by the strong year-over-year growth, which is a positive indicator for investors.
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IMPORTANCE 80
RELEVANCE 100