=Royal Caribbean (RCL) reported earnings on Thur 26 Jan 2017 (b/o)

Royal Caribbean beats by $0.02, misses on revs; guides Q1 EPS above consensus; guides FY17 EPS above consensus :

• Reports Q4 (Dec) earnings of $1.23 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $1.21; revenues rose 0.4% year/year to $1.91 bln vs the $1.97 bln Capital IQ Consensus.
• Co issues upside guidance for Q1, sees EPS of approx $0.90, excluding non-recurring items, vs. $0.68 Capital IQ Consensus Estimate.
• Co issues upside guidance for FY17, sees EPS of $6.90-7.10, excluding non-recurring items, vs. $6.81 Capital IQ Consensus Estimate.
• Net Yields in 2016 were up 3.9% on a Constant-Currency basis (1.6% As-Reported). Net Yields in 2017 are expected to increase 4.0% to 6.0% on a Constant-Currency basis (3.3% to 5.3% As-Reported).
• "As we enter our DOUBLE-DOUBLE year, we have never been so well positioned...This program has done what it set out to do -- bookings are at record levels, the preference our brands enjoy has never been stronger, we are on the cusp of investment grade ratings, our dividends are at an all-time high, costs have been well managed, and our guests' satisfaction has never been better."
• Co says its booked position for 2017 is better than last year's record high, and at higher rates. Strength from North American consumers is driving exceptionally positive trends for North American and European products. These trends, along with a positive outlook for Australia and a solid booked position in China for the first half of the year, are positioning the company for robust growth in 2017.