Royal Caribbean Cruises Ltd. (NYSE:RCL) fell 8.53% on Tuesday, closing at $292.95 per share after missing analyst revenue expectations for the third quarter. Revenues grew by 5% to $5.139 billion, but fell short of the expected $5.17 billion. Attributable net income rose 42% to $1.575 billion, with earnings per share at $5.74. In the nine-month period, revenues increased by 7.8% to $13.7 billion, and net income grew by 52% to $3.5 billion. Looking ahead, RCL expects continued momentum with strong demand, loyalty, and guest satisfaction. President and CEO Jason Liberty is confident in achieving 2026 earnings targets. Despite potential, some believe other AI stocks offer greater returns with limited risk.
Read more at Yahoo Finance: Royal Caribbean (RCL) Falls 8.5% on Missed Expectations
