Royal Caribbean Boosts Guidance on Resilient Europe Demand - Bloomberg.com

Third Quarter Success for Royal Caribbean Group

Royal Caribbean Group announced third quarter results above expectations. Earnings beat the expected amount by a margin of $0.19. Nevertheless, sales did not meet estimates. The company adjusted its financial outlook and reassigned three vessels to Canada in two weeks, boosting interest in the region. Stock prices rose on the positive announcement amid concerns about fuel costs. The company's resilient performance in Europe also contributed to the positive guidance.

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