• Sat. Aug 13th, 2022

Royal Caribbean Cruises Q2 Earnings Beat Estimates

ByShivani Kumaresan

Jul 28, 2022
Royal Caribbean Cruises Q2 Earnings Beat Estimates

  • Royal Caribbean Cruises Ltd RCL reported second-quarter FY22 sales of $2.18 billion versus $50.9 million last year, beating the consensus of $2.11 billion.
  • Passenger ticket revenues rose to $1.4 billion from $22.8 million last year.
  • Cruise operating expense for the quarter was $1.69 billion compared to $424 million last year. The operating loss contracted to $(218.6) million.
  • The occupancy rate in Q2 was 82% versus 27.5% last year.
  • Royal Caribbean held $2.1 billion in cash and equivalents as of June 30, 2022.
  • Adjusted loss per share of $(2.08) beat the analyst consensus for a loss of $(2.20).
  • Adjusted EBITDA for the quarter was $109.6 million versus $(711.2) million last year.
  • Outlook: Royal Caribbean expects Q3 adjusted EPS of $0.05 – $0.25.
  • It expects Q3 sales of $2.9 billion – $3 billion versus the consensus of $3.03 billion.
  • Price Action: RCL shares are trading higher by 5.24% at $36.74 on the last check Thursday.
  • Photo via Pixabay



Image and article originally from www.benzinga.com. Read the original article here.