Royal Caribbean Cruises Results Beat

Royal Caribbean Cruises American depository shares were eyeing a new lifetime high in recent pre-market Tuesday after the cruise-ship operator reported Q2 earnings and revenues above Street views and boosted full-year 2017 guidance, The company reported Q2 adjusted EPS of $1.71, above the $1.67 Street view as compiled by Capital IQ, and also above the $1.09 reported a year earlier.

Royal Caribbean reported Q2 revenues of $2.20 billion, above the Street view of $2.19 billion, and up from $2.11 billion reported a year earlier. In guidance, the company said it expects Q3 adjusted EPS of about $3.45 per share, compared to the $3.30 Street view. The company updated full-year adjusted EPS guidance to $7.35 to $7.45, a $0.30 increase at the midpoint versus previous guidance, and above the Street view of $7.25. The company added that bookings remain “robust.”

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