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Royal Caribbean Cruises reports profit in Q2

Royal Caribbean Cruises Ltd reported second-quarter net income of $24.7 million, or $0.11 per share, compared to a net loss of $3.7 million, or $0.02 per share, last year. The company noted that its earnings during the quarter include an impact of $0.05 per share related to the Grandeur fire and a non-cash charge of $0.07 per share accounting correction related to the company's affinity credit card programme. 

Source:
Date:
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RTTNews.com
Monday, July 29, 2013
Monday, July 29, 2013

(RTTNews.com) – Royal Caribbean Cruises Ltd. (RCL) reported second-quarter net income of $24.7 million, or $0.11 per share, compared to a net loss of $3.7 million, or $0.02 per share, last year. The company noted that its earnings during the quarter include an impact of $0.05 per share related to the Grandeur fire and a non-cash charge of $0.07 per share accounting correction related to the company’s affinity credit card program.


On average, 19 analysts polled by Thomson Reuters expected the company to report profit of $0.09 per share for the quarter. Analysts’ estimates typically exclude special items.

Total revenues increased to $1.88 billion, from $1.82 billion last year. Analysts expected revenue of $1.86 billion for the quarter.

The company continues to expect its full-year earnings per share to be in the range of $2.20 to $2.30. Analysts expect the company to report full year profit per share of $2.39.

The company expects its third-quarter earnings will be in the range of $1.60 to $1.70 per share. Analysts expect the company to report third-quarter profit per share of $1.82.

For comments and feedback: contact editorial@rttnews.com

Source: RTTNews.com.

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