CORRECTED – UPDATE 1-Royal Caribbean ups 2010 outlook on cost control

(Corrects spelling of CEO’s name in penultimate paragraph)

* Ups 2010 EPS guidance to $2.25-2.35 vs $2.14 market view

* Q2 EPS at $0.28, beats Reuters poll avg of $0.18

* Oslo-listed shares surge 5.6 pct
(Adds details, quotes)

OSLO, July 22 (BestGrowthStock) – Royal Caribbean Cruises Ltd
(RCL.N: ) (RCL.OL: ) posted above-forecast second quarter earnings
and increased its 2010 earnings guidance due to stable bookings
and improved cost control, boosting its shares.

Royal Caribbean’s bigger rival, Miami-based Carnival Corp &
Plc (CCL.N: )(CCL.L: ), last month projected a weak third quarter
due to costlier fuel and volatile foreign exchange rates,
hitting shares of both cruise operators. [ID:nN21268314]

“Business conditions have remained on target in each of the
company’s main markets while improved cost control has enabled
the company to raise its earnings guidance for the year,” Royal
Caribbean said in a statement.

“Operating costs were lower than expected due mainly to
strong cost control, energy conservation measures, expense
timing and currency fluctuations,” it added.

CEO Richard Fain said: “Despite ongoing uncertainty with
the economy, our profitability continues to improve and our
booking environment continues to be remarkably stable.”

Shares in Royal Caribbean jumped on the announcement and
are up 5.6 percent to 165 Norwegian crowns in Oslo trade.
Trading in New York resumes later on Thursday.

Stock Market Analysis

(Reporting by Oslo newsroom; editing by Elaine Hardcastle)

CORRECTED – UPDATE 1-Royal Caribbean ups 2010 outlook on cost control