Royal Caribbean stock surges toward best weekly gain in 3 months ahead of Q4 results

0

Shares of Royal Caribbean Group
RCL,
+4.99%
rallied 5.1% in afternoon trading Friday, putting them on track for a fourth-straight gain, ahead of the cruise operator’s fourth-quarter results due out on Monday. The stock has soared 16.8% this week, which would be the biggest weekly gain since the week ended Nov. 13. The company is expected to report, before Monday’s opening bell, a per-share loss of $5.20, according to FactSet, to mark the fourth-straight quarterly loss, and revenue that tumbled to $36 million from $2.52 billion a year ago, as the COVID-19 pandemic has led to cruise suspensions. The company has reported wider-than-expected losses the past three quarters, according to FactSet, but the stock rose 1.3% the day third-quarter results were released and closed up 10.0% the day second-quarter results were announced. The stock has gained 6.1% over the past three months, but has lost 28.9% over the past 12 months, while the S&P 500
SPX,
-0.19%
has gained 15.4% the past year.

Source

- Advertisement -

Leave A Reply

Your email address will not be published.

X