A Tale of Two Cruise Line Stocks

Last week was pretty jarring for investors figuring that cruise line stocks were essentially all in the same boat. Market cap leader Royal Caribbean (NYSE: RCL) put out an encouraging quarterly report on Tuesday. Smaller rival Norwegian Cruise Line (NYSE: NCLH) went the other way when it served up its latest financial results a day later.Royal Caribbean posted better-than-expected growth through the first three months of this year, particularly on the bottom line. NCL saw year-over-year declines, particularly on the bottom line. There's a lot to unpack here, but the joy of a cruise getaway is that you only have to unpack once when you start a exploring the various ports of call. Bring a sense of adventure -- and perhaps some Dramamine -- as we head into the high and low seas.Royal Caribbean saw its revenue rise 7% during the seasonally sleepy first quarter for the industry. This is its weakest top-line growth since resuming operations in late 2021 after the COVID-19-mandated shutdown, but the showing was in line with expectations. It was on the bottom line that Royal Caribbean really got going. Adjusted earnings soared 57% to $2.71 a share, well ahead of the $2.53 a share that Wall Street pros were modeling.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool