Royal Caribbean Cruises Ltd reported third-quarter estimates and reiterated its full 2016 earnings guidance thanks to ongoing strength in cruise bookings.

The Miami-based cruise operator reported reported net income of $693m, up from $229m in the same period of last year

Adjusted earnings per share of $3.20 per share was better than the average estimate of $3.10 per share.

Shares in the New York-listed company rose more than 7% intraday, reaching over $73 per share.

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