Royal Caribbean rises on annual profit forecast lift
BUZZ-Royal Caribbean rises on annual profit forecast lift Updates
** Royal Caribbean RCL.N shares up as much as 9.9% at $308.45 in noon trading
** The cruise operator raises FY profit forecast on strong leisure, travel demand despite geopolitical tensions, after Q3 profit beat
** Ups 2026 adj EPS view to $17.85-$17.95 from $17.73-$17.87 previously
** Q3 adj EPS of $6.57 vs est $6.38 - data compiled by LSEG
** "Consumers are prioritizing travel and experiences, even as they get more selective about where they spend," Michael Gunther, analyst at Consumer Edge says
** However, the midpoint of co's Q4 adjusted profit forecast misses analysts' estimates
** Peers Norwegian Cruise Line NCLH.N, Carnival Corporation CCL.N up ~4% each
** YTD through last close: RCL up ~1%; NCLH, CCL.N down ~32% and ~12%, respectively
(Reporting by Shania S Thomas in Bengaluru)