Form ARS Norwegian Cruise Line For: Dec 31
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Norwegian Cruise Line (NCLH) stock drops as earnings, revenue miss despite record Q1 bookings
May 1, 2024 7:43 AM EDT(Updated - May 1, 2024 12:03 PM EDT)
Norwegian Cruise Line (NYSE: NCLH) reported its first-quarter earnings that saw shares drop over 12%. The company's earnings per share (EPS) of $0.04 fell short of analysts' expectations of $0.09, while revenue reached $2.19 billion, just below the consensus estimate of $2.22 billion. Despite this, the cruise operator provided an upbeat full-year earnings forecast, exceeding the consensus.
For the first quarter ended March 31, 2024, Norwegian Cruise Line's revenue saw a 20% increase compared to the same period last year, attributed to an 8% capacity growth. The adjusted EPS of $0.16 surpassed the guidance of $0.12, a... More
