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Royal Caribbean beats 2Q earnings and revenue expectations

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MIAMI — Royal Caribbean Cruises Ltd. (RCL) on Friday reported second-quarter earnings of $185 million.

The Miami-based company said it had net income of 84 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The cruise operator posted revenue of $2.06 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.05 billion.

Royal Caribbean expects full-year earnings in the range of $4.65 to $4.75 per share.

Royal Caribbean shares have increased slightly since the beginning of the year. The stock has increased 34 percent in the last 12 months.

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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 http://www.zacks.com/ap/RCL

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Keywords: Royal Caribbean, Earnings Report

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