Royal Caribbean beats earnings forecast, but revenue drops

April 20, 2015 2:22 PM

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Royal Caribbean Cruises said Monday that first-quarter earnings were better than expected, but warned that the strong dollar and higher fuel prices would cut into the full-year forecast.

For the quarter that ended March 31, the Miami-based company reported profits of $45.2 million, up more than 70 percent year-over-year. But revenue dipped from nearly $1.9 billion in the first quarter of 2014 to $1.8 billion this year, due in part to a drop in onboard spending by non-U.S. guests.

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