MIAMI (AP) — MIAMI (AP) — Royal Caribbean Cruises Ltd. (RCL) on Tuesday reported second-quarter net income of $1.21 billion.
On a per-share basis, the Miami-based company said it had net income of $4.41. Earnings, adjusted for non-recurring gains, were $4.38 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.10 per share.
The cruise operator posted revenue of $4.54 billion in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $4.55 billion.
For the current quarter ending in September, Royal Caribbean expects its per-share earnings to range from $5.55 to $5.65.
The company expects full-year earnings in the range of $15.41 to $15.55 per share.
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