Royal Caribbean Cruises Ltd (NYSE:RCL) on Tuesday reported lower than anticipated revenue for its third quarter 2025, while also providing a profit forecast that fell short of expectations.
Its stock price fell more than 7% in early trading on Tuesday.
The company posted revenue for the quarter that rose 5.2% year over year to $5.14 billion, missing the analyst consensus estimate of $5.17 billion, according to FactSet.
Royal Caribbean generated adjusted earnings per share (EPS) for the period of $5.75, edging past the $5.69 Wall Street forecast.
Looking ahead, the company raised its full-year EPS guidance from a range of $15.41 to $15.55 to $15.58 to $15.63.
Analysts, however, were expecting $15.70.
"Looking ahead, while it's still early in the planning process, our strong booked position gives us confidence for 2026 and beyond," Royal Caribbean CEO Jason Liberty said in a statement.
"With our proven formula of moderate yield growth, strong cost controls, and disciplined capital allocation, we expect 2026 earnings per share to have a $17 handle, positioning us well to achieve our 2027 Perfecta targets."