(Reuters) -Royal Caribbean raised its annual profit forecast on Tuesday, banking on resilient demand for the cruise operator’s high-end private island destinations and premium sailings.
The company, however, expects third-quarter adjusted earnings per share of $5.55 to $5.65, below analysts’ estimates of $5.83, per data compiled by LSEG, amid rising fuel prices.
Shares of the company were down about 3% in premarket trading, after rising about 52% so far this year.
The company expects fiscal 2025 adjusted profit per share of $15.41 to $15.55, compared with its prior forecast of $14.55 to $15.55.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Devika Syamnath)
Brought to you by www.srnnews.com