Royal Caribbean Cruises Ltd. Q3 Profit Increases, Beats Estimates

(RTTNews) - Royal Caribbean Cruises Ltd. (RCL) revealed a profit for its third quarter that Increased from last year and beat the Street estimates.

The company's bottom line came in at $1.575 billion, or $5.74 per share. This compares with $1.111 billion, or $4.21 per share, last year.

Excluding items, Royal Caribbean Cruises Ltd. reported adjusted earnings of $1.577 billion or $5.75 per share for the period.

Analysts on average had expected the company to earn $5.68 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 5.2% to $5.139 billion from $4.886 billion last year.

Royal Caribbean Cruises Ltd. earnings at a glance (GAAP) :

-Earnings: $1.575 Bln. vs. $1.111 Bln. last year. -EPS: $5.74 vs. $4.21 last year. -Revenue: $5.139 Bln vs. $4.886 Bln last year.

-Guidance: Full year EPS guidance: $15.58 - $15.63