Royal Caribbean Cruises Ltd (NYSE:RCL) shares are trading higher by 2.40% to $67.00 Monday morning. The stock is trading higher in sympathy with peer cruise line operator Norwegian Cruise Line Holdings Ltd after the company reported better-than-expected first-quarter financial results.
What Happened?
Norwegian Cruise Line reported quarterly losses of 30 cents per share which beat the analyst consensus estimate of a loss of 40 cents.
The company also reported quarterly sales of $1.82 billion which beat the analyst consensus estimate of $1.75 billion by 4.1%. This sales figure is a 249% increase over sales of $521.94 million in the same period last year.
As previously announced, Frank J. Del Rio is retiring and stepping down from his position as the company’s President and Chief Executive Officer, and from its Board of Directors, effective June 30, 2023…Read More
According to data from Benzinga Pro, RCL has a 52-week high of $79.29 and a 52-week low of $31.09.
