Royal Caribbean Earnings Tick All the Boxes. The Stock Is Sailing Higher.

Royal Caribbean stock sailed higher Thursday after the cruise operator beat earnings expectations and hiked full-year profit guidance. The cruise operator reported adjusted earnings of $1.77 a share, sailing better than analysts’ expectations of $1.33. “Demand for our leading brands and the incredible experiences they deliver continues to be very robust, resulting in outperformance in the first quarter, a further increase of full year earnings guidance, and 60% expected earnings growth year over year,” CEO Jason Liberty said.