Royal Caribbean Cruises Ltd. (NYSE: RCL) stock is down 5.6% in midday trading after the company’s second-quarter earnings report. The company beat earnings per share (EPS) expectations of $4.04 by 34 cents, coming in at $4.38. That number was also 36% higher year-over-year.
However, revenue of $4.54 billion was just a tick under the $4.55 billion expected by analysts. The company’s earnings guidance also spooked investors. Royal Caribbean forecasts EPS between $5.55 and $5.65 per share for the upcoming quarter, which is lower than analysts’ estimates of $5.84.
