MIAMI (AP) — MIAMI (AP) — Royal Caribbean Cruises Ltd. (RCL) on Thursday reported first-quarter profit of $360 million.
On a per-share basis, the Miami-based company said it had profit of $1.35. Earnings, adjusted to extinguish debt and for non-recurring costs, were $1.77 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The cruise operator posted revenue of $3.73 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $3.68 billion.
For the current quarter ending in June, Royal Caribbean expects its per-share earnings to range from $2.65 to $2.75.
The company expects full-year earnings in the range of $10.70 to $10.90 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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