Norwegian Cruise Line Shares Surge After Beating Q3 Earnings Estimates and Raising Guidance
Norwegian Cruise Line Holdings (NCLH) saw its stock price jump over 13% following the release of third-quarter financial results that exceeded Wall Street expectations. The company reported an adjusted net income of $514 million, or $1.12 per share, significantly outperforming the projected $0.93 per share. Revenue for the quarter reached $2.9 billion, supported by increased last-minute bookings and higher onboard spending. To combat rising fuel costs driven by Middle East conflicts, the company successfully implemented expense-reduction initiatives, improving its adjusted net cruise cost per capacity day to $152. Buoyed by these efficiency gains and asset sales, Norwegian Cruise Line has raised its full-year financial guidance, now projecting an adjusted net income of $789 million compared to previous estimates of $700 million.
Tickers: $NCLH
Topics: earnings beat guidance raise profitability revenue growth
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Part of the story Norwegian Cruise Line Shares Surge After Beating Q3 Earnings Estimates and Raising Guidance (9 articles)