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What: Royal Caribbean Cruises
So what: The company reported net income of $356.8 million, or $1.64 per share, up from $1.07 per share a year ago. It also increased guidance and said it would likely set an earnings record in 2011.
Now what: The high seas have been good to Royal Caribbean, and conditions look positive for the foreseeable future. Given the increased guidance, a forward price/earnings ratio of 14.3 is making this stock look relatively cheap. I always like to see an earnings beat followed by increased guidance, so I'm buying today's move higher.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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