Coats: Russia meddling is pervasive and ongoing

Coats: Russia meddling is pervasive and ongoing

Cruise line Royal Caribbean’s stock drops 2% on revenue miss

Royal Caribbean Cruises Ltd. shares dropped 2.3% in Thursday premarket trade after the company reported a second-quarter revenue miss and profit beat. Earnings for the latest quarter rose to $466.3 million, or $2.19 per share, from $369.5 million, or $1.71 per share in the year-earlier period. Adjusted earnings-per-share were $2.27, compared with the FactSet consensus of $2.01. Revenue rose to $2.338 billion from $2.195 billion, below the FactSet consensus of $2.343 billion. The latest results reflect the negative impact of foreign exchange and fuel rates, but “we are tickled pink that our business continues to excel and overcome these headwinds,” said Chief Executive Richard Fain. Royal Caribbean continues to expect 2018 adjusted EPS of $8.70 to $8.90 per share, which includes a negative impact of 35 cents connected to currency and fuel and 6 cents in additional interest expense related to the Silversea purchase. Company shares have lifted 2.6% over the last three months, compared with a 6.7% rise in the S&P 500 and a 5.9% rise in the Dow Jones Industrial Average .

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