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Why Royal Caribbean Shares Slid Today

TheMotleyFool

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Shares of Royal Caribbean (NYSE: RCL) were sinking Friday after the cruise line giant reported a larger-than-expected hole in its fourth-quarter earnings before the market opened. As of 1:15 p.m. ET, the stock was down by 3.3%.

The thing is, ahead of the Q4 release, analysts weren't even particularly upbeat about the company's prospects, forecasting sales of only $1 billion and a $3.92 per share pro forma loss for the quarter. But even those numbers turned out to be over-optimistic: Royal Caribbean reported that it actually lost $4.78 per share on sales of $982.3 million.

Image source: Getty Images.

Source Fool.com

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