Royal Caribbean Cruises Stock Skyrockets on Blowout Q3 – What’s Next for RCL Investors?
Fig: Royal Caribbean’s megaships (Wonder of the Seas, left, and Utopia of the Seas, right) docked off its private island in Cococay, Bahamas. RCL is adding exclusive destinations (e.g. Santorini club) and new ships to meet booming cruise demand cruiseindustrynews.com. Best-in-Class Earnings and Guidance In its Oct. 28 earnings release, Royal Caribbean smashed estimates. Q3 GAAP EPS was $5.74 (adj. $5.75), well above guidance and consensus cruiseindustrynews.com timesunion.com. Net revenues of $5.14 billion topped the prior-year $4.23 billion. The beat was attributed to unexpectedly strong late bookings and onboard spending, combined with cost savings cruiseindustrynews.com benzinga.com. CEO Jason Liberty said demand is at
