FSMNews

 

Royal Caribbean Cruises has recently earned top marks by the Human Rights Campaign (HRC) by bringing in a faultless total of 100 percent on the latest 2018 Corporate Equality Index (CEI). The CEI is a nationwide benchmarking assessment and report on business policies and practices interrelated to lesbian, gay, bisexual, transgender and queer (LGBTQ) office equality.

"We're thrilled to receive Human Rights Campaign's top score for our commitment and support of LGBTQ employees," Chief Operating Officer Adam Goldstein of Royal Caribbean Cruises Ltd. told reports. "This distinction reflects Royal Caribbean's longstanding dedication to our diversity journey and our commitment to foster an inclusive work environment that is made up of people from varied backgrounds, experiences and perspectives."

As mentioned, The 2018 CEI assesses LGBTQ-related guidelines and practices. This includes the following: non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs and public engagement with the LGBTQ public. The Royal Caribbean’s determinations in fulfilling the entire CEI criteria resulted in a 100 percent grade and the title as the Best Place to Work for LGBTQ Equality.

Earnings Report

In other news, Royal Caribbean Cruises Ltd. has also announced its financial report for the third quarter in which had mixed results on general terms. Despite having strong close-in bookings and a boost on pricing trends during the said quarterly period, the recent hurricanes impacted the quarter’s earnings negatively which ultimately casted the earnings per share down to 26 cents.

As for the other data, strong demand figures and constant cost discipline helped in the success and the completion of its Double-Double platform. More so, the Royal Caribbean has its innovative three-year platform targeted to direct performance to 20/20 Vision.

FSMNews

Royal Caribbean's Anthem Of The Seas

Furthermore, Adjusted earnings of $3.49 per share exceeded the Market Estimate of $3.43 by 1.8%. The stated records also beat the management’s estimated figures of $3.45 for every share. Additionally, earnings added 9.1% from the preceding year’s data of $3.20 due to the somewhat higher revenues and lower fuel prices.

Royal Caribbean’s Total revenues have climbed by 0.2% in a year over year basis to $2.57 billion. This has been heavily supported by the higher onboard data and other revenues. Conversely, the equivalent marginally has failed to meet the market estimate of $2.58 billion. Each board, the hurricanes had a undesirable influence on periodical revenues.

Trading Performance

FSMNews

Since the day of its earnings release, the Royal Caribbean’s trades have declined consequently. However, it opened the current week with a new bullish candle indicating a potential uptrend soon. It had its close at 124.48.

The Relative Strength Index had a similar performance as the one above. Mirroring the same trend, it finished 51.70, shrugging off the possibilities of potential downtrend below the current region.

Lastly, its Coppock curve remained flat in its recent trades. At 4.19, a recommended buy position would be advised as it is in the positive region with possibilities of bullish continuation in the coming trades.

FSM News is a daily updated news website about the happenings in the stock market, financial realms and the world economy. Subscribe to further educate yourself about the field that you are to partake in. FSM News is here for you.