Jim Cramer on Royal Caribbean: "I Think Maybe That Decline Was an Overreaction"

Royal Caribbean Cruises Ltd. (NYSE:RCL) is one of the stocks Jim Cramer recently talked about. Cramer called the company’s earnings “disappointing,” as he commented:

“But we also got, this is a new one that I saw today, the disappointing results from Royal Caribbean. Now, they’ve been leading the cruise lines higher for a very long time. This group’s done remarkably well this year. But today, Royal Caribbean gave disconcerting guidance for the current quarter and next year, and that’s why the stock plunged almost 9% in response. Now, after speaking with CEO Jason Liberty on Squawk on the Street this morning, I think maybe that decline was an overreaction. He had a lot of good things to say. Still, the market is saying that the consumers have become choosier about what to spend on and how much to spend.”

Royal Caribbean Cruises Ltd. (NYSE:RCL) provides global cruise experiences through its Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands.

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Disclosure: None. This article is originally published at Insider Monkey.