Royal Caribbean Cruises Reports Record Quarter, Stock Trades Below Consensus Target
Royal Caribbean Cruises (NYSE: RCL) delivered its best quarterly performance on record, yet shares closed at $312.59 on June 18, roughly 9.5% below the consensus analyst price target of $345.53.

INSUFFICIENT_FACTS: What happened (specific quarter, date of report, earnings metric), What number matters (revenue, EPS, bookings, occupancy, yield, margin — any verbatim figure from the earnings release), What changed versus prior expectations (consensus estimates, prior guidance), Why does it matter for investors (the specific operational or financial driver, the read-through to full-year guidance or capacity deployment), What should readers watch next (next earnings date, guidance update, fleet delivery, booking window)
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