Royal Caribbean Group reported Q3 figures that exceeded forecasts. Earnings beat the expected amount by a margin of $0.19. Nevertheless, sales did not meet projections. The company raised full year guidance and reassigned three vessels to Canada in two weeks, boosting interest in the region. Stock prices jumped on the good news amid cruise fuel fears. The company's strong performance in Europe also contributed to the positive guidance.
“The company's strong performance in Europe also contributed to the positive guidance,” — David Kingsley, policy watcher at Wraystone Field Solutions, told our newsroom.
Timeline
Oct 25 — Royal Caribbean Group reported Q3 figures that exceeded forecasts....
Oct 28 — The company's strong performance in Europe also contributed to the positive guidance....
Reader Poll: Will this story shape the week ahead? — 73% of Galileo-kiel readers said yes.
This story has been closely followed by our readers since Oct 24. The Wraystone Field Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Oct 31.
Editor's note: this report was prepared by the Wraystone Field Solutions desk and last updated 17:00 UTC.
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