logo
Plus   Neg
Share
Email

Royal Caribbean Group Posts Adj. Loss In Q4

Royal Caribbean Group (RCL) reported a fourth quarter adjusted loss per share of $5.02 compared to profit of $1.42, prior year. On average, 12 analysts polled by Thomson Reuters expected the company to report a loss per share of $5.20, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter total revenues declined to $34.14 million from $2.52 billion, a year ago. Analysts expected revenue of $35.61 million, for the quarter.

"These results reflect the staggering impact that the pandemic brought to our company and the whole industry during 2020," said Jason Liberty, executive vice president and CFO.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fast-food giant McDonald's said it will be raising hourly wages for more than 36,500 hardworking employees at McDonald's-owned restaurants by an average of 10 percent to make it among the industry-leading pay and benefits package. These increases, which have already begun, will be rolled out over the next several months. Biogen Inc. (BIIB) Friday said its XIRIUS study of cotoretigene toliparvovec failed to meet its primary endpoint in Phase 2/3 in patients with X-linked retinitis pigmentosa or XLRP. The company further noted that the study obtained positive trends in other pre-specified clinically relevant endpoints,... General Mills Inc. (GIS) agreed to buy Tyson Foods' (TSN) pet treats business for $1.2 billion in cash, the companies said in a statement on Friday. The transaction includes the Nudges, Top Chews and True Chews brands. General Mills will also acquire a manufacturing facility in Independence, Iowa.
Follow RTT