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Royal Caribbean Cruises Q2 Earnings Beat Estimates – Stocks to Watch
  • Thu. Apr 25th, 2024
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Royal Caribbean Cruises Q2 Earnings Beat Estimates

ByShivani Kumaresan

Jul 28, 2022
Royal Caribbean Cruises Q2 Earnings Beat Estimates

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  • 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

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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

Shivani Kumaresan

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