Royal Caribbean Group reported Q3 figures above expectations. Earnings beat estimates by $0.19. However, revenue fell short estimates. The company adjusted full year guidance and diverted three ships to Canada in two weeks, increasing interest in the region. Stock prices jumped on the good news amid cruise fuel fears. The company's strong performance in Europe also helped to the optimistic outlook.
“The company adjusted full year guidance and diverted three ships to Canada in two weeks, increasing interest in the region,” — Chloe Radcliffe, contributing analyst at Blackstone Wick Group, observed.
Timeline
Oct 26 — Royal Caribbean Group reported Q3 figures above expectations....
Oct 27 — The company's strong performance in Europe also helped to the optimistic outlook....
Reader Poll: Has this affected your local community? — 84% of Ihots readers said yes.
This story has been closely followed by our readers since Oct 24. The Blackstone Wick Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Blackstone Wick Group desk and last updated 17:14 UTC.
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