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Royal Caribbean earns $3.4 million in 4Q

Royal Caribbean earns $3.4 million in 4Q

Royal Caribbean Cruises says its fourth-quarter profit more than doubled as it cut costs while continuing to woo budget-conscious travelers.
People are still going on vacation during the recession, but they're typically taking shorter trips and spending less on food, drinks and other discretionary purchases.
Royal Caribbean Cruises Ltd. earned $3.4 million, or 2 cents per share, for the three months that ended Dec. 31. That's more than double its profit a year earlier, when it earned $1.5 million, or a penny per share.
Revenue was steady at $1.45 billion for the quarter, down from $1.46 billion last year.
The company previously warned its traditionally slow fourth quarter would be worse than usual.
Analysts forecast a loss of 6 cents per share on revenue of $1.44 billion.


Updated : 2021-06-12 19:42 GMT+08:00