Royal Caribbean hurt by Europe

Investor's Business Daily

The world's 2nd largest cruise operator said adjusted Q4 EPS fell 41% to 10 cents, hurt by austerity measures in Spain and elsewhere in Europe. But demand was strong in the U.S., and the results were 4 cents per share better than analysts expected. Royal Caribbean (RCL) revenue climbed 2% to $1.8 bil, slightly under forecasts. The company said last year's sinking of the Costa Concordia, owned by rival Carnival (CCL), also hurt demand. It guided Q1 EPS of 10-20 cents vs. views for 28 cents. Royal Caribbean shares fell 3.4% to 35.53.

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