Royal Caribbean's shares up 90% in a year due to strong Q1 bookings and improved EPS outlook for 2024.

Cruise company Royal Caribbean's shares are up 90% over the past year due to better-than-expected bookings. The company reported Q1 financial results for 2024 and announced an expected full-year adjusted EPS of $10.70 to $10.90, marking the 2nd improved outlook for 2024. This suggests strong demand and potentially record earnings for Royal Caribbean in 2024, benefiting investors.

May 12, 2024
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