{"id":43965,"date":"2020-08-10T19:09:00","date_gmt":"2020-08-10T16:09:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/royal-caribbean-stock-rises-despite-wider-than-expected-loss\/"},"modified":"2020-08-10T19:09:00","modified_gmt":"2020-08-10T16:09:00","slug":"royal-caribbean-stock-rises-despite-wider-than-expected-loss","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/royal-caribbean-stock-rises-despite-wider-than-expected-loss\/","title":{"rendered":"#Royal Caribbean stock rises despite wider-than-expected loss"},"content":{"rendered":"

“#Royal Caribbean stock rises despite wider-than-expected loss<\/strong>”<\/p>\n

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August 10, 2020 |<\/span> 12:09pm <\/p>\n

\n Royal Caribbean Group reported a wider-than-expected quarterly loss on Monday as the cruise operator suffered from a coronavirus-driven halt to sailings that is now on course to last deep into the second half of 2020.<\/p>\n

The company\u2019s shares, which have lost over 60 percent of their value this year, rose 10 percent in midday trading as revenue beat expectations.<\/p>\n

Royal Caribbean, which dropped \u201cCruises\u201d from its corporate name last month, expects to burn $250 million to $290 million of cash on average per month, while its operations are suspended during one of the industry\u2019s worst periods in history.<\/p>\n

Royal Caribbean, which has pledged dozens of ships to raise billions of dollars of new debt, said it had about $4.1 billion in cash and cash equivalents at the end of June.<\/p>\n

Net loss attributable to the company was $1.64 billion, or $7.83 per share, in the second quarter ended June 30, after also writing down the value of certain assets by $156.5 million.<\/p>\n

On an adjusted basis, Royal Caribbean lost $6.13 per share, while analysts had expected a loss of $4.82 per share, according to Refinitiv IBES data. Revenue tumbled 93.7 percent to $175.6 million, beating the FactSet consensus of $47.4 million.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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If you want to read more Business News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Royal Caribbean stock rises despite wider-than-expected loss” August 10, 2020 | 12:09pm Royal Caribbean Group reported a wider-than-expected quarterly loss on Monday as the cruise operator suffered from a coronavirus-driven halt to sailings that is now on course to last deep into the second half of 2020. The company\u2019s shares, which have lost over 60…<\/p>\n","protected":false},"author":1,"featured_media":43966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[51330],"class_list":["post-43965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-royal-caribbean-stock-rises-despite-wider-than-expected-loss"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/43965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=43965"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/43965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/43966"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=43965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=43965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=43965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}