08:40 AM EDT, 04/25/2024 (MT Newswires) -- Royal Caribbean Group (RCL) reported Q1 adjusted earnings Thursday of $1.77 per diluted share, swinging from a loss of $0.23 a year earlier.

Analysts polled by Capital IQ expected $1.31.

Revenue for the quarter ended March 31 was $3.73 billion, up from $2.89 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.69 billion.

For Q2, the cruise line and travel company expects adjusted earnings of $2.65 to $2.75 per share. Analysts polled by Capital IQ expect $2.36.

For the full-year 2024, the company raised its guidance estimate to adjusted earnings of $10.70 to $10.90 per share, from $9.50 to $9.70. Analysts polled by Capital IQ expect $10.01.

Shares of the company were up 2.7% in recent Thursday premarket activity.

Price: 140.45, Change: +3.72, Percent Change: +2.72