Advertisement

Royal Caribbean Posts $6.13 Loss Per Share as Cruise Suspension Continues

Royal Caribbean Posts $6.13 Loss Per Share as Cruise Suspension Continues

Royal Caribbean (NYSE: RCL) continues to struggle navigating the coronavirus pandemic's shoals, posting deeper-than-expected losses in its Q2 2020 earnings report. Turning from the 30.2% negative earnings surprise in EPS to revenue, Royal Caribbean's sales of $175.61 million, down 93.8% year over year, managed to beat analyst expectations by 237.8%. A note in the press release says that because of a "three-month reporting lag, we include Silversea Cruises' result of operations from January 1 through March 31 for the quarters ended June 30, 2020, and 2019."