Oct 28 (Reuters) - Royal Caribbean forecast
current-quarter profit below expectations on Tuesday, amid
higher fuel costs and rising economic uncertainty.
Shares of the company, which also forecast annual profit
below estimates, were down about 8% in premarket trading.
Following a post-pandemic boom in demand, the company is
struggling with customers steering away from splurging on
expensive cruise vacations amid persistent inflation and
tariff-driven uncertainty in the U.S.
The company now expects fiscal 2025 adjusted profit per
share of $15.58 to $15.63, above its prior forecast of $15.41 to
$15.55, but fell short of analysts' estimates of $15.68,
according to data compiled by LSEG.
It sees fourth-quarter adjusted profit per share to be in
the range of $2.74 to $2.79, below analysts' average estimate of
$2.89.