Royal Caribbean Cruises Increases FY18 Earnings Outlook - Quick Facts

(RTTNews) - Royal Caribbean Cruises Ltd. (RCL) announced its full year adjusted earnings guidance is increased by $0.15 to a range of $8.70 to $8.90 per share. Net Yields are expected to increase 2.0% to 3.75% in constant-currency and approximately 4.0% as-reported for the full year.

For the second-quarter, the company expects adjusted earnings in a range of $1.85 to $1.90. The company expects constant-currency Net Yields to be up in the range of 1.5% to 2.0% for the second quarter of 2018.

The company reported first-quarter adjusted earnings of $1.09 per share compared to $0.99, prior year. The company said the improvement over last year and over previous guidance was mainly driven by better than expected revenue from its global brands and joint ventures. Net Yields were up 4.9% in constant-currency (up 7.0% as-reported).