Royal Caribbean Boosts Guidance on Resilient Europe Demand - Bloomberg.com

Royal Caribbean Reports Strong Third Quarter Performance

Royal Caribbean Group reported Q3 figures that exceeded forecasts. Earnings beat the expected amount by a margin of $0.19. Nevertheless, revenue fell short estimates. The company adjusted full year guidance and reassigned three vessels to Canada in two weeks, boosting demand in the region. Stock prices jumped on the good news amid concerns about fuel costs. The company's resilient performance in Europe also contributed to the optimistic outlook.

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