Royal Caribbean cuts full-year outlook, shares slump

April 20, 2015 2:17 PM

59 0

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.

Also read: Marriott quarterly revenue rises 7.7 percent

Read more

To category page