— Royal Caribbean Cruises Ltd. (NYSE: RCL) reported its fourth-quarter 2019 adjusted earnings of $1.42 per share, down from $1.53 per share a year ago. This came in line with the analysts’ expectations.
— The results were hurt by the negative impact of the cancellation of the sailings to Cuba and the disruption generated by Hurricane Dorian.
— Total revenues grew by 8% to $2.52 billion versus $2.54 billion expected.
— Looking ahead into the full year 2020, the company expects adjusted earnings in the range of $10.40-10.70 per share. The consensus estimates EPS of $10.47.
— Net yields are expected to increase 2.25-4.25% in constant currency and 2.5-4.5% as reported for the full year.
— For the first quarter of 2020, the company sees adjusted earnings in the range of $0.80-0.85 per share. The consensus estimates EPS of $1.12 per share.
— The company introduced 20>25 by 2025 program. The program includes several goals by 2025: delivering $20 adjusted EPS, further lowering carbon footprint by 25%, and delivering strong returns on invested capital.
— Due to coronavirus, the company has now canceled 8 cruises out of China ending March 4 and also modified certain itineraries in the region which overall have an estimated impact of $0.25 per share.
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