Market Overview

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.

Posted-In: Earnings News Guidance After-Hours Center

 

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