Royal Caribbean down after annual revenue forecast cut
BUZZ-Royal Caribbean down after annual revenue forecast cut ** Shares of cruise operator Royal Caribbean RCL.N down ~5% at $288.80 premarket
** Co cuts annual revenue forecast, accounting for modest booking impact for select itineraries primarily due to prolonged geopolitical activity
** Sees annual revenue growing 9%, compared to previous 10% rise forecast
** However, co raises annual adjusted EPS forecast to between $17.73 and $17.87, sees fuel expenses of $1.34 billion compared to previous $1.35 billion forecast
** Q2 revenue rose 6%, narrowly surpassing estimates, while adjusted EPS beat expectations, per data compiled by LSEG
** Peers Norwegian Cruise Line NCLH.N and Carnival CCL.N also down ~2% premarket
** Up to last close, RCL rose 9.4% YTD, while NCLH and CCL were down ~10% and ~11%, respectively
(Reporting by Neil J Kanatt in Bengaluru)