Reuters: Hot Stocks: Royal Caribbean raises forecast as Europe ticket sales boost profit

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Thousands of Free eBooks BookBub brings you free & bargain national bestselling eBooks in the genres of your choice! Sign up now & join 1.5 million happy readers. From our sponsors

Royal Caribbean raises forecast as Europe ticket sales boost profit Oct 24th 2013, 13:29 Share this Email Print Reprints Thu Oct 24, 2013 9:29am EDT Oct 24 (Reuters) - Royal Caribbean Cruises Ltd raised its full-year earnings forecast after an improvement in ticket sales in Europe helped the cruise operator report better-than-expected quarterly results. The company's shares rose 5 percent in premarket trading, having risen 15 percent this year to Wednesday's close. Royal Caribbean, the second-largest cruise operator in the world, said it had higher bookings for 2014 in most markets including Europe, Asia and Alaska. The company raised its full-year adjusted earnings forecast to $2.30-$2.35 per share from $2.20-$2.30 per share. Analysts on average were expecting $2.28 per share, according to Thomson Reuters I/B/E/S. Net income fell slightly to $365.7 million, or $1.65 per share, in the third quarter ended Sept. 30 from $367.8 million, or $1.68 per share, a year earlier. Royal Caribbean earned $1.71 per share on an adjusted basis, higher than the average analyst estimate of $1.65. Total revenue rose 3.5 percent to $2.31 billion, beating analyst estimates of $2.26 billion. The company's stock was up at $41.61 in trading before the bell. (Reporting by Chris Peters and Devika Krishna Kumar; Editing by Sriraj Kalluvila and Kirti Pandey) Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions