Shares of cruise vacation company Royal Caribbean (NYSE:RCL)
fell 5% in the morning session after the company's second-quarter revenue slightly missed Wall Street expectations and its third-quarter profit forecast was underwhelming. The negative reaction occurred despite the cruise operator reporting stronger-than-expected second-quarter profits, with adjusted earnings of $4.38 per share, and raising its full-year guidance. However, the company's revenue of $4.54 billion came in just shy of the $4.55 billion consensus estimate. Digging deeper, concerns may have also stemmed from a projected increase in net cruise costs for the third quarter and a slowdown in net yield growth, a key measure of profitability.
Risk appetite took a breather Tuesday, with major U.S. stock indices retreating modestly from record highs as investors braced for a pivotal stretch of earnings and macro events.
Stay informed about the performance of the S&P500 index in the middle of the day on Tuesday. Uncover the top gainers and losers in today's session for valuable insights.
Shares of Norwegian Cruise Line are trading lower Tuesday. The stock is down following a mixed earnings report from competitor Royal Caribbean Cruises.
Chief Executive Jason Liberty said that bookings have accelerated since the last earnings, and roughly 75% consumers are intending to spend the same or more on leisure travel over the next 12 months.
Before the opening bell on Tuesday, let's take a glimpse of the US markets and explore the S&P500 top gainers and losers in today's pre-market session.
Cruise vacation company Royal Caribbean (NYSE:RCL) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 10.4% year on year to $4.54 billion. Its non-GAAP profit of $4.38 per share was 7.4% above analysts’ consensus estimates.
Shares of Royal Caribbean have risen 52% so far this year and jumped more than 125% in the last 12 months, driven by steady cruise demand and higher ticket prices.
