Market Overview

Royal Caribbean Cruises: Q2 Earnings Insights

Share:

Shares of Royal Caribbean Cruises (NYSE:RCL) fell 1.7% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 341.34% over the past year to ($6.13), which missed the estimate of ($4.82).

Revenue of $175,605,000 declined by 93.74% year over year, which may not compare to the estimate of $43,500,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 10, 2020

Time: 10:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1379/36353

Recent Stock Performance

52-week high: $135.31

Company's 52-week low was at $19.25

Price action over last quarter: Up 18.22%

Company Description

Royal Caribbean is the world's second- largest cruise company, operating more than 60 ships across six global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and a 49% stake in Pullmantur, allowing it to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price.

 

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Posted-In: Earnings News