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Royal Caribbean 4 Percent Higher on Solid Earnings

Zemanta Related Posts ThumbnailShares of Royal Caribbean (NYSE: RCL) are up nearly 4 percent in premarket trading after the world’s second largest cruise line reported $0.23 per share on revenue of $1.85 billion. Analysts expected $0.18 per share.

Net income came in at $7 million or 3 cents per share for the company’s fiscal second quarter ending December 31. Other metrics from the press release include:

  • Net yields increased 3.2% on a Constant-Currency basis (2.7% As Reported).
  • Net Cruise Costs (“NCC”) excluding fuel increased 1.8% on a Constant-Currency basis (2.1% As Reported).
  • The company recorded restructuring and related charges of $56.9 million for the full year, including $43.0 million in the fourth quarter.  These charges relate to the previously announced global restructuring actions and the pending sale of Pullmantur’s non-core businesses.
  • US GAAP EPS and net income were $2.14 per share and $473.7 million, respectively, which include the $56.9 million of restructuring and related charges described in this release.

Disclosure: At the time of this writing, Tim Parker had no position in the company mentioned.

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