Apr 24th, 2009 - MiamiHerald
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Miami-based Royal Caribbean Cruises surprised Wall Street with a narrower-than-expected net loss for the first quarter and trimmed its full-year earnings outlook less than analysts were anticipating.
Shares of the world's second-largest cruise operator shot up 21 percent, or $2.35 a share, on the news Thursday and closed at $13.76 on the New York Stock Exchange. Still, the stock is down 59 percent from a 52-week high of $33.78 on May 2, 2008.
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