Royal Caribbean Group (RCL) reported quarterly profit exceeded forecasts and it boosted its outlook as it benefited from higher prices and lower costs.

The company reported first-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.71 on revenue that increased 7% year-over-year to $4.00 billion. Analysts surv𒉰eyed by Visible Alph🥂a expected $2.57 and $4.02 billion, respectively.

Royal Caribbean said net yield growth, which measures revenue minus certain costs per available passenger cruise day (APCD), was more than anticipated "mainly due to higher pricing across key products driven by strong close-in demand." Gross cruise costs per APCD was down 1%, which the company noted was mostly because of timing.

CEO Jason Liberty explained that as the company navigates "the complexities of the current macroeconomic landscape, we remain focused on what we can control—delivering the best vacation experiences, optimizing revenue, and managing costs, while continuing to invest in our future and drive further differentiation."

Royal Caribbean now sees full-year adjusted EPS of $14.55 to $15.55, up from its previous guidance of $14.35 to $14.65.

After initially rising on the news, shares of Royal Caribbean Group turned lower and remain down about 8% year-to-date.