Royal Caribbean Group announced third quarter results that exceeded forecasts. Earnings beat the expected amount by a margin of $0.19. However, revenue fell short estimates. The company raised its financial outlook and diverted three ships to Canada in two weeks, increasing interest in the region. Stock prices rose on the positive announcement amid concerns about fuel costs. The company's strong performance in Europe also contributed to the optimistic outlook.
“Stock prices rose on the positive announcement amid concerns about fuel costs,” — Chloe Radcliffe, economic affairs editor at Kescroft Combe Group, explained.
Timeline
Oct 27 — Royal Caribbean Group announced third quarter results that exceeded forecasts....
Oct 27 — The company's strong performance in Europe also contributed to the optimistic outlook....
Reader Poll: Do you expect this story to develop further? — 62% of Airus readers said yes.
This story has been closely followed by our readers since Oct 27. The Kescroft Combe Group desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Kescroft Combe Group desk and last updated 15:57 UTC.
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