Previous close | 60.35 |
Open | 60.35 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 75.00 |
Expiry date | 2025-06-20 |
Day's range | 60.35 - 60.35 |
Contract range | N/A |
Volume | |
Open interest | 8 |
Q1 2024 Financial Performance Review
Royal Caribbean stock sailed higher Thursday after the cruise operator beat earnings expectations and hiked full-year profit guidance. Everything is going well for the company—demand is strong, pricing is high, and passengers are spending more and more onboard its voyages. The cruise operator reported adjusted earnings of $1.77 a share, sailing better than analysts’ expectations of $1.33.
Shares of the cruise operator rose about 4% in premarket trade, as the company also beat first-quarter revenue and profit estimates. Half of Royal Caribbean's first-quarter yield growth was driven by higher ticket pricing, with the remainder driven by a combination of onboard revenue rates, higher occupancy, and new ships, it said. "Demand for our leading brands ... continues to be very robust, resulting in outperformance in the first quarter, a further increase of full-year earnings guidance, and 60% expected earnings growth year over year," said CEO Jason Liberty.