Royal Caribbean (RCL) Posts Greater-Than-Expected Q2 Loss

Royal Caribbean Cruises Ltd. (RCL) stock is trading lower by more than 2% in Monday’s pre-market session after the cruise liner reported a second quarter 2020 loss of $6.13 per share, much worse than the -$4.15 consensus. Revenues fell a gut-wrenching 93% year over year to $175.8 million, beating estimates by more than $17 million. The company warned that the “magnitude, duration, and speed of COVID-19 remains uncertain” and expects losses of “unknown magnitude” in the third quarter and fiscal y…

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