Royal Caribbean Stock Rises on Earnings Beat and Strong Outlook
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Royal Caribbean Group were rising Tuesday after the cruise-line operator beat fourth-quarter earnings estimates, and issued strong guidance. Shares of Royal Caribbean climbed 14% to $269.14 after the company reported earnings per share of $1.63, topping the FactSet consensus estimate of $1.50. Full-year earnings per share of $11.80 also beat Wall Street’s call for $11.69, while revenue of $16.48 billion was roughly in line with forecasts.
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