Royal Caribbean Cruises Non-GAAP EPS of $5.20 beats by $0.17, revenue of $4.89B misses by $10M
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Contributor since / Followers
Contributor since / Followers
4 weeks ago
- Royal Caribbean Cruises press release (NYSE:RCL): Q3 Non-GAAP EPS of $5.20 beats by $0.17.
- Revenue of $4.89B (+16.4% Y/Y) misses by $10M.
- The company is increasing its full year 2024 Adjusted EPS guidance to $11.57 – $11.62 vs $11.58 consensus. The increase in earnings expectations is driven by the strong revenue performance in the third quarter and an increase in pricing expectations for the fourth quarter. The fourth quarter Adjusted EPS guidance of $1.40 – $1.45 includes $0.24 of headwinds – one third is related to Hurricane Milton, with the remainder driven by the timing of costs shifting from the third quarter, and higher non-cash stock compensation.