Royal Caribbean Cruises Ltd. (RCL – Analyst Report) operates as a global cruise and vacation company. Royal Caribbean has adopted a strategy to grow beyond its familiar itineraries and capitalize on the opportunities presented by the fast-growing Asian cruise market. This has helped it to boost its revenues.

Strong marketing initiatives have been helping the company to keep its booking strong over the past few years at most of its itineraries, thereby resulting in improvement in revenue yields. Its consistent efforts to reduce fuel consumption have aided the company to generate profits.

Investors should also note the recent earnings estimate revisions for RCL, as the consensus estimate has remained stable recently. However, Royal Caribbean has posted positive earnings surprises for three out of four quarters, making for an average positive earnings surprise of around 10.69%.

Currently, RCL has a Zacks Rank #2 (Buy) but that could change following Royal Caribbean’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: RCL beats on earnings. Our consensus earnings estimate called for EPS of 92 cents per share, and the company reported EPS of 94 cents per share instead. Investors should note that these figures take out stock option expenses.

Revenues: RCL reported revenues of $1.90 billion. This missed our consensus estimate of $1.95 billion.

Key Stats to Note: On a constant currency basis, net yields were up 4.9% year over year, better than the guidance due to strength in demand in the Caribbean and new ships in China in the winter season. Net cruise costs (NCC), excluding fuel decreased 4.7% on a constant currency basis.

The company expects adjusted earnings per share to be 30 cents in the first quarter of 2016. Adjusted earnings in 2016 are expected to be in the range of $5.90 to $6.10 per share.

Stock Price: RCL shares were down by approximate 4% prior to the earnings release. Shares continued to be down, by more than 6% now following the release.