Shares in the three largest cruise shipping group in the world fell sharply after Royal CaribbeanCruises, Ltd (RCCL) had unveiled 2016 earnings guidance that was weaker than what analysts had expected.
RCCL said it expected its adjusted earnings per share (EPS) to rise to the bracket of $5.90 to $6.10 in 2016 from $4.83 reported for 2015, but the forecast fell short of the $6.21 average of cruise industry analysts.
Shares in RCCL traded 14.15% down at $72.55 in New York at midday local time, while those in Carnival Corporation, the Panama domiciled but US headquartered holding company in the Carnival group, were 5.80% down at $46.13.
Also in New York, Norwegian Cruise Line Holdings was 8.69% down at $42.97.
In London, Carnival plc, the group’s British holding company, traded 5.4% down from the opening at £33.26.
“Taking into account current fuel pricing, interest rates, currency exchange rates and the factors detailed above, the company currently estimates 2016 Adjusted EPS will be in the range of $5.90 - $6.10 per share,” RCCL said in a statement.