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Second quarter report spikes Royal Caribbean stock

23 Jul 2010

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.