Royal Caribbean raised its 2024 earnings guidance Wednesday night, citing stronger-than-expected vacation demand. Shares of the cruise line stock popped early Thursday.
The cruise line now expects full-year earnings per share of $9.90-$10.10, up 40 cents from its February target of $9.50-$9.70.
Some 15 cents of that increase reflects an improved revenue outlook in the first quarter.
"Since our last earnings call, robust demand for our vacation experiences has significantly exceeded our initial expectations," CEO Jason Liberty reported.
Early Thursday, Royal Caribbean announced plans to sell $1 billion in unsecured notes.
Royal Caribbean Stock
Royal Caribbean stock rallied 5.6% to above 121 in premarket trade. That would still be below RCL's 50-day moving average.
Carnival climbed 5.4% before Thursday's open, suggesting a move above the 200-day line.
Norwegian Cruise Line Holdings rose 3.7%. NCLH stock is below all its moving averages.
Trip.com leapt 7% in premarket trade, signaling a move above a 43.59 cup-base buy point. The China-based booking site beat Q4 views late Wednesday, with EPS soaring 411%.
Booking Holdings advanced 1.4% late. The online travel site reports Thursday night. BKNG stock has been consolidating after rebounding bullishly from the 21-day and 10-week line.
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