Royal Caribbean Sinks as Gloomy Guidance Trumps First-Quarter Beat

Shares of Royal Caribbean Cruises (RCL) are sinking today after the cruise line beat first-quarter earnings forecasts but slashed its full-year guidance. Wedbush analysts James Hardiman and Sean Wagner dig in: This morning, Royal Caribbean Cruises reported 1Q15 adjusted EPS of $0.20 compared to the guided range of $0.10-$0.15, the consensus estimate of $0.13, and our estimate of $0.14. Management [...]
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