Shares in Royal Caribbean Cruises Ltd (RCCL), the second largest cruise shipping group in the world, fell sharply after the company had reported a fall in net profit for the first quarter of the year, although the performance slightly exceeded the company’s guidance.
In early afternoon trading in New York, the RCCL stock traded 4.33% lower at $27.55 after hitting a day’s low of $27.35 earlier in the session. The Dow Jones Industrial index of leading shares traded about 0.9% higher at the same time.
Group net income fell to $47.0 million, or $0.21 per share in the first quarter of this year, versus $78.4 million, or $0.36 per share, in the same period in 2011. RCCL had forecast a figure in the range of $0.10 to $0.20
