Royal Caribbean Group Stock Is Rising: What's Happening?

Royal Caribbean Cruises Ltd RCL shares are trading higher by 5.61% to $36.87 Thursday afternoon after the company reported second-quarter results. Passenger ticket revenues and occupancy rates both rose year over year.

What Happened?

Royal Caribbean Cruises reported a second-quarter EPS loss of $2.08, which is markedly up from a loss of $5.06 year over year. The company also reported $2.18 billion in sales, which beat the analyst consensus estimate of $2.11 billion.

"We reached two important milestones in our recovery this quarter – returning our entire global fleet back to operations and delivering positive operating cash flow and EBITDA," said Jason Liberty, president and chief executive officer of Royal Caribbean Group.

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According to data from Benzinga Pro, Royal Caribbean has a 52-week high of $98.27 and a 52-week low of $31.09.