Royal Caribbean Cruises saw its shares plunge Tuesday morning after the company revealed profit guidance that was below expectations.
In mid-morning trading, the Miami cruiseship giant’s shares dropped 14% to $72.71 on the New York Stock Exchange, slashing $2.6bn from its market capitalisation.
Earlier this morning, Royal Caribbean reported fourth-quarter earnings that were slightly better than analyst expectations, but its guidance for 2016 was lower than Wall Street had been predicted.
The
