ROYAL CARIBBEAN CRUISES Miami, Florida; Stormy Weather Doesn't Drag Down Profit.(THE NEW AMERICA)

Publication: Investor's Business Daily

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2004 Investor's Business Daily, Inc.

Byline: MARILYN MUCH

Sometimes it's not how you perform in good times, but how you perform in bad.

For Royal Caribbean Cruises, August and September were anything but good. The world's No. 2 cruise line operator watched hurricane after hurricane hit key markets in Florida and the Carribean.

Still, Royal Caribbean posted earnings of $1.33 a share for the third quarter, which ended Sept. 30. That was up 37% from the prior year. Quarterly revenue increased 24% to $1.4 billion.

"This (quarter's performance) is evidence the company is fully capitalizing on the unfolding vigorous rebound in the cruise industry," said analyst Robert Simonson...

Read the full article for free courtesy of your local library.