Royal Caribbean Cruises Ltd(NYSE:RCL) shares are trading lower by 2.2% to $173.60 during Monday's session. Shares of cruise stocks are trading lower in sympathy withCarnival Corp(NYSE:CCL), which issued guidance below estimates.

What Happened:Royal Caribbean saw its stock decline on Monday following the release of Carnival's third-quarter earnings, despite Carnival reporting better-than-expected results.

Carnival's earnings report highlighted a strong quarter, with adjusted earnings per share of $1.27, surpassing analyst expectations of $1.16, and quarterly sales of $7.90 billion, up 15.2% year-over-year.

Despite these positive figures, the market's focus shifted to Carnival's...