Second quarter report spikes Royal Caribbean stock
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.