MIAMI — Royal Caribbean Cruises Ltd. today reported a loss of $1.36 billion in its fourth quarter.
The company said it had a loss of $5.33 per share. Losses, adjusted for non-recurring costs and asset impairment costs, came to $4.78 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $3.70 per share.
The cruise operator posted revenue of $982.2 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $1.14 billion.
For the year, the company reported a loss of $5.26 billion, or $20.89 per share. Revenue was reported as $1.53 billion.