Royal Caribbean Group Stock Is Rising: What's Happening?

Royal Caribbean Cruises Ltd RCL shares are trading higher by 5.61% to $36.87 Thursday afternoon after the company reported second-quarter results. Passenger ticket revenues and occupancy rates both rose year over year.

What Happened?

Royal Caribbean Cruises reported a second-quarter EPS loss of $2.08, which is markedly up from a loss of $5.06 year over year. The company also reported $2.18 billion in sales, which beat the analyst consensus estimate of $2.11 billion.

"We reached two important milestones in our recovery this quarter – returning our entire global fleet back to operations and delivering positive operating cash flow and EBITDA," said Jason Liberty, president and chief executive officer of Royal Caribbean Group.

See Also: Here's How Much You'd Have Now If You Invested $100 In Bitcoin, Ethereum, Apple, Microsoft, Tesla, Amazon And Nvidia 5 Years Ago

According to data from Benzinga Pro, Royal Caribbean has a 52-week high of $98.27 and a 52-week low of $31.09.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!