Royal Caribbean Rises After Boosting Full-Year Profit Forecast
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Royal Caribbean Cruises Ltd. rose in New York trading after the world’s second-largest cruise operator raised its 2010 profit forecast and predicted record earnings next year, helped by cost controls and new ships.
The shares jumped $4.65, or 13 percent, to $39.80 at 10:36 a.m. in New York Stock Exchange composite trading, after touching $39.90, the highest price since Feb. 14, 2008. They had advanced 39 percent this year before today.