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Second quarter report spikes Royal Caribbean stock

In:
23Jul2010

We reported yesterday Royal Caribbean's second quarter 2010 earnings report and the news was so good that it gave the Royal Caribbean stock a nice push upwards.  Investors were happy to see shares of Royal Caribbean Cruises closed up 12 percent Thursday on positive earnings news for the second quarter and a positive outlook for the rest of the year.  

The price of Royal Caribbean stock closed up $2.98 to $27.50 at the end of trading on Thursday.  Cruise companies were battered a year ago amid the recession, and shares of Royal Caribbean and Carnival were hampered recently by fears of a double dip recession. Royal Caribbean's outlook Thursday helped put those fears to rest.