From The Motley Fool · Joe Tenebruso · · 40s
Royal Caribbean Stock Rises on Strong Q3 Results
Royal Caribbean's stock climbed 5.46% after reporting higher-than-expected profits and boosting full-year earnings forecasts.
In brief
Royal Caribbean's stock climbed 5.46% after reporting higher-than-expected profits and boosting full-year earnings forecasts. Royal Caribbean's stock rose 5.46% following stronger-than-expected Q3 profits and a higher full-year earnings forecast. Originally reported by The Motley Fool.
Q3 Revenue Boost
Royal Caribbean's revenue rose 9% year over year to $5.6 billion in Q3.
CEO Strategy Expansion
CEO Jason Liberty said their strategy leverages brands, experiences, and technology to increase vacation frequency.
Earnings and Forecast Lift
Adjusted net income jumped 12% to $1.8 billion, exceeding Wall Street's $6.38 per share estimate.
In short
Royal Caribbean's stock rose 5.46% following stronger-than-expected Q3 profits and a higher full-year earnings forecast.
