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
South Korea's Hyundai Motor Co. announced its decision to suspend production at its Asan plant for two days starting on Monday due to a chip shortage amid the pandemic crisis, Reuters reported. The company is experiencing trouble in supply conditions for semiconductor parts for powertrain control units. The Asan factory manufactures 300,000 vehicles, including the Sonata and Grandeur sedans, each The U.S. Department of Health and Human Services is set to expand its Health Center COVID-19 Vaccine Program to include all HRSA-funded health centers. This will increase the total number of health centers that have been invited to join the program to 1,470 nationwide from the earlier 950. McDonald's Corp. is planning to hire 25,000 workers in its restaurants across Texas in April, reports said. In a three-day event from April 13 to 15, the fast-food chain is expected to hire for crew and management positions. During these hiring days, participating McDonald's restaurants in the state will be accepting applications and interviewing job seekers.
Follow RTT