Why Royal Caribbean Stock Soared After Huge News Today

Shares of Royal Caribbean Group (NYSE: RCL) hit an all-time high today after the cruise ship operator reported solid earnings and strong guidance, as well as made a major new announcement. The stock, which has more than doubled over the past year, was trading higher by 13.4% at 1:45 p.m. ET.Royal Caribbean CEO Jason Liberty said the company has been seeing a significant increase in demand for its various brands, and now the company is adding a new one to offer river cruises. It is improving profitability as well. Adjusted fourth-quarter net earnings of $1.63 per share topped Wall Street expectations, even as revenue was in line with estimates.The company said it sees adjusted earnings per share (EPS) moving even higher this year as "strong demand for the company's vacation experiences continues to accelerate into 2025." But perhaps even bigger news for investors was the announced launch of Celebrity River Cruises.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool