MIAMI (AP) — MIAMI (AP) — Royal Caribbean Cruises Ltd. (RCL) on Thursday reported third-quarter profit of $1.01 billion.
The Miami-based company said it had profit of $3.65 per share. Earnings, adjusted to extinguish debt and for non-recurring costs, came to $3.85 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.43 per share.
The cruise operator posted revenue of $4.16 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $4.06 billion.
For the current quarter ending in December, Royal Caribbean expects its per-share earnings to range from $1.05 to $1.10. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.47.
The company expects full-year earnings in the range of $6.58 to $6.63 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RCL at https://www.zacks.com/ap/RCL
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