Royal Caribbean cuts full-year outlook, shares slump

April 20, 2015 2:17 PM

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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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