Royal Caribbean Projects a Choppy Start to the Fiscal Year
Investors had concerns heading into Royal Caribbean's (NYSE: RCL) fiscal fourth-quarter report. The cruise ship giant had notched market-beating growth through most of the year, but that expansion pace appeared to be threatened by events such as the wildfires striking Australia and the Wuhan coronavirus outbreak in China.
In its earnings report this week, the company couldn't estimate the potential impact of that virus on earnings because the situation remained too fluid. But its strong global booking trends gave management confidence to project another record year ahead, despite an expected slow start in the fiscal first quarter.
Let's look at the results.
Source Fool.com
