06:53 AM EDT, 10/29/2024 (MT Newswires) -- Royal Caribbean Group (RCL) reported Q3 adjusted earnings Tuesday of $5.20 per diluted share, up from $3.85 a year earlier.

Analysts polled by Capital IQ expected $5.03.

Revenue for the quarter ended Sept. 30 was $4.89 billion, up from $4.16 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.90 billion.

The company said it is increasing its 2024 adjusted earnings guidance to $11.57 to $11.62 per share, from $11.35 to $11.45. Analysts polled by Capital IQ expect $11.58.

The company expects Q4 adjusted earnings of $1.40 to $1.45 per share. Analysts surveyed by Capital IQ are looking for $1.57.

Royal Caribbean Group's shares were down nearly 4% in recent Tuesday premarket activity.

Price: 195.99, Change: -7.53, Percent Change: -3.70