Norwegian Cruise Line Shares Are Trading Higher: What You Need To Know

Zinger Key Points
  • Carnival's strong earnings report has sparked optimism across the cruise industry, including Norwegian Cruise Line.
  • Increasing global vaccination rates and the gradual easing of travel restrictions are driving a resurgence in leisure travel.

Norwegian Cruise Line Holdings Ltd. NCLH shares are seeing a significant uptick Tuesday, driven by sector-wide optimism following Carnival Corporation’s CCL robust earnings report for the second quarter.

What’s Going On: Carnival, a major player in the cruise industry, reported loss earnings per share of 11 cents surpassing expectations of loss of 2 cents per share. Moreover, Carnival’s revenue of $5.781 billion exceeded the estimated $5.675 billion.

Why It Matters: The positive earnings surprise from Carnival has had a ripple effect across the cruise sector. The positive sentiment is bolstered by increasing vaccination rates globally and the gradual easing of travel restrictions, which are contributing to a resurgence in leisure travel and cruise bookings

Looking ahead: There is continued progress in vaccination efforts and the ongoing reopening of key travel markets are expected to support further recovery in cruise industry stocks.

NCLH Price Action: Norwegian Cruise Line shares were up by 4.63% at $18.21 according to Benzinga Pro.

See Also: Chipmakers, Cruise Lines, Crypto Rally, Nvidia Reclaims $3 Trillion; Blue Chips, Small Caps Dip: What’s Driving Markets Tuesday?

Image: Viola from Pixabay.

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