Royal Caribbean Cruises Ltd. shares surged 4.4% in premarket trade Friday, after the company reported stronger-than-expected second-quarter profit and raised its outlook for the full year. The cruise operator said it had net income of $185 million, or 84 cents a share, in the quarter, up from $137.7 million, or 62 cents a share, in the year-earlier period. Adjusted EPS also came to 84 cents, well above the FactSet consensus of 73 cents. Revenue rose to $2.06 billion from $1.98 billion, matching the FactSet consensus. “Overall, the year will be another solid step towards the Double-Double,” the company said in a statement. “Commercially, the business continues to perform as expected and the biggest drivers of our increased guidance are better foreign exchange and fuel rates.” The company is now expecting full-year adjusted per-share earnings of $4.65 to $4.75, 15 cents above its April guidance. Shares are up 0.4% in the year so far, while the S&P 500 has gained 2.4%.
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