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

Third Quarter Success for Royal Caribbean Group

Royal Caribbean Group reported third quarter results above expectations. Profit surpassed estimates by $0.19. Nevertheless, revenue fell short projections. The company raised 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 helped to the optimistic outlook.

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