Reported 29 days ago
Royal Caribbean Cruises Ltd. reported a surge in shares and an increased earnings outlook for the fourth time this year, driven by strong demand for its cruises. CEO Jason Liberty highlighted ongoing demand growth, predicting earnings per share of at least $14 for next year. Despite this optimism, the fourth-quarter earnings forecast fell short of expectations due to Hurricane Milton's impact and cost shifts from the previous quarter, resulting in a 24-cent reduction in projections.
Source: YAHOO