Royal Caribbean Cruises earnings tumble 98 percent
Royal Caribbean Cruises Ltd. said Thursday that fourth-quarter earnings tumbled 98 percent, missing Wall Street's expectations and reflecting a sharp drop in cruise bookings, higher-than-expected fuel costs and unfavorable foreign exchange rates.
The Royal Caribbean Cruises Ltd. board of directors declared a quarterly dividend of 15 cents per share payable on June 20 to shareholders of record at the close of business on June 6.