Pursuits
Royal Caribbean Tumbles After Reducing Profit Forecast
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Royal Caribbean Cruises Ltd. dropped the most in more than three years after the cruise line cut its annual profit forecast, blaming fuel prices and the stronger dollar.
The company now expects earnings to be $4.45 to $4.65 a share this year, excluding some items, according to a statement on Monday. That’s 20 cents less than its previous forecast.