Norwegian Cruise Sinks On Disappointing Results, Outlook
Norwegian Cruise Line's (NASDAQ: NCLH) leaked more than two percent after-hours when its second-quarter revenue fell off expectations by four percent and it offered a disappointing outlook.
The company beat adjusted earnings expectations by a penny, posting $0.58 per share, but revenue of $765 million was short of the Street's forecast of $797.5 million.
The year-earlier net loss was $8.9 million, or a loss of $0.04 per share on revenue of $644 million.
The company forecast third-quarter adjusted earnings of $1.05 to $1.10 per share, below Wall Street's expectation of $1.15 per share.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.