NEW YORK (TheStreet) -- Royal Caribbean Cruises (RCL) - Get Report stock is gaining by 7.46% to $88.91 on Friday morning after the company reported earnings per share that surpassed estimates, and revenue in line with expectations for the second quarter of 2015.
The company reported earnings of 84 cents per share on revenue of $2.06 billion for the quarter ended June 30.
Royal Caribbean Cruises was estimated to post earnings of 73 cents per share on revenue of $2.06 billion, according to analysts surveyed by Thomson Reuters.
The company had earnings of 66 cents per share on revenue of $1.98 billion in the 2014 second quarter.
Additionally, Royal Caribbean Cruises raised its full year earnings guidance by 15 cents to a range of $4.65 to $4.75 per share due to lower fuel costs and beneficial currency rates.
Separately, TheStreet Ratings team rates ROYAL CARIBBEAN CRUISES LTD as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ROYAL CARIBBEAN CRUISES LTD (RCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: RCL Ratings Report