Revenue dropped to $1.82 billion from $1.85 billion at Miami-based Royal Caribbean. Analysts expected higher revenue of $1.87 billion.
January 29, 2015 at 11:00 AM
1 minute read
Shares of Royal Caribbean Cruises Ltd. slid Thursday after the cruise operator reported fourth-quarter results and an outlook that missed Wall Street expectations.
Royal Caribbean earned $109.8 million, or 49 cents per share, for the period ended Dec. 31. A year earlier the Miami company earned $7 million, or 3 cents per share. That period included $43 million in restructuring and impairment charges, compared with $2.4 million in the fourth quarter of 2014.
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