Miami-based Royal Caribbean Cruises Ltd. shares dropped after the cruise ship operator lowered its full-year earnings guidance, stung by a stronger dollar and rising fuel prices.
April 20, 2015 at 09:38 AM
1 minute read
Royal Caribbean Cruises Ltd. shares dropped more than 6 percent Monday after the cruise ship operator lowered its full-year earnings guidance, stung by a stronger dollar and rising fuel prices.
The Miami-based company’s first-quarter profit climbed from weak results a year ago that were weighed down by one-time items. Its revenue narrowly missed Wall Street estimates.
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