Royal Caribbean raises annual profit outlook; shares rise
Royal Caribbean shares rose about 4% premarket after the cruise operator raised its annual profit outlook. The report cites strong leisure and travel demand.
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11:10:54 AM UTC
SquawkNews
By Rob CurranRoyal Caribbean Group's third-quarter net income rose amid strong bookings, and the company boosted its adjusted earnings projection for the year despite elevated fuel prices.The cruise line posted earnings of $1.73 billion, or $6.45 a share, up from $1.58 billion, or $5.74 a share, a…