Royal Caribbean Cruises has announced record net income for the third quarter 2007 of $395.0 million, or $1.84 per share, compared to net income of $345.4 million, or $1.63 per share, in 2006. The results were better than expected mainly due to stronger late bookings driving higher prices. Revenues for the third quarter 2007 increased to $2.0 billion from revenues of $1.6 billion in the third quarter 2006. The company also raised its EPS guidance for the year to the high end of its previous guidance despite higher crude oil prices.
Royal Caribbean Posts Strong Q3