Royal Caribbean’s stock seesaws higher after profit beat views and outlook raised

Shares of Royal Caribbean Group rallied Thursday in choppy trading after the cruise-ship operator reported third-quarter profit that rose well above expectations and raised its full-year outlook.

While higher fuel prices, unfavorable exchange rates and the Hamas-Israel war are weighing on earnings, the company raised its full-year outlook for earnings, excluding those effects. Royal Caribbean has the most exposure to the eastern Mediterranean region compared with its biggest rivals.

The…