Royal Caribbean Cruises Ltd. on Friday reported third-quarter net income of $228.8 million.

On a per-share basis, the Miami-based company said it had profit of $1.03. Earnings, adjusted for asset impairment costs, were $2.84 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.

The cruise operator posted revenue of $2.52 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $2.53 billion.

For the current quarter ending in December, Royal Caribbean expects its per-share earnings to be 90 cents.

The company expects full-year earnings to be $4.80 per share.

Royal Caribbean shares have increased 15 percent since the beginning of the year. The stock has climbed 49 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research.


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Photo Credit: Grandeur of the Seas docked in Key West, Fla., in 2008. Tom Mascardo / Flickr