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Royal Caribbean Cruises Q3 Profit Declines; Updates FY09 Outlook - Quick Facts 2

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Royal Caribbean Cruises Ltd. (RCL) reported third quarter net income of $230.4 million, or $1.07 per share, compared to net income of $411.9 million, or $1.92 per share in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.00 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $1.8 billion, compared to $2.1 billion in the prior year quarter. Fifteen analysts had consensus revenue estimate of $1.77 billion for the quarter.

Looking ahead, the company predicts fourth quarter loss per share of about $0.05. Analysts expect the company to report earnings of $0.04 per share for the fourth quarter.

For fiscal 2009, the company now expects earnings per share of about $0.70. Earlier, the company expected earnings to be between $0.70 and $0.80 per share. Analysts expect the company to report earnings of $0.74 per share for fiscal 2009.

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