Royal Caribbean Cruises Ltd. said its second-quarter normalized net income was $1.07 per share, compared with the S&P Capital IQ consensus estimate of $1.67 per share.
EPS climbed 57.7% year over year from 68 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $231.0 million, an increase of 57.7% from $146.5 million in the year-earlier period.
The normalized profit margin increased to 10.5% from 7.0% in the year-earlier period.
Total revenue rose year over year to $2.20 billion from $2.11 billion, and total operating expenses decreased on an annual basis to $1.78 billion from $1.82 billion.
Reported net income increased 61.3% from the prior-year period to $369.5 million, or $1.71 per share, from $229.1 million, or $1.06 per share.
