Royal Caribbean jumps on beat-and-raise quarter amid robust cruise demand

adjusted EPS of $3.85, easily beating the consensus of $3.47. Revenue rose 39% to $4.16 billion, topping the consensus of $4.05B.

The company said the beat was driven by stronger close-in demand and further strength in onboard revenue. "The strength of our brands and the acceleration of consumer spending on experiences have propelled us towards another outstanding quarter and a robust 2023," President and CEO Jason Liberty said."Looking ahead, we see accelerating demand as we build the business for 2024."guidance to $6.58 – $6.63, driven by strong demand and continued strength in onboard revenue. This easily topped the consensus of $6.15.

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