Norwegian Cruise Line Q3 Earnings Surpass Street View

Norwegian Cruise Line Q3 Earnings Surpass Street View
  • Norwegian Cruise Line Holdings Ltd NCLH reported third-quarter FY22 revenue growth of $1.615 billion versus $153.1 million a year ago, beating the consensus of $1.58 billion.
  • Total cruise operating expenses were $1.2 billion versus $439.8 million last year.
  • The company reported an operating loss of $(185.2) million versus $(689.1) million last year.
  • Occupancy percentage for the quarter was 81.5% versus 57.4% a year ago. The company held $1.18 billion in cash and equivalents as of September 30, 2022.
  • Adjusted EPS loss of $(0.64) beat the consensus of $(0.70).
  • As of September 30, 2022, the company's advance ticket sales balance, including the long-term portion, was $2.5 billion.
  • Outlook: NCLH expects to report a net loss for Q4 FY22 due to the COVID-19 pandemic, the effects of the Russia-Ukraine conflict, and current macroeconomic conditions.
  • It expects Occupancy to be in the mid-to-high 80% range and revenue to be $1.4 billion - $1.5 billion versus the $1.46 billion estimate.
  • Price Action: NCLH shares are trading higher by 6.51% at $17.75 on the last check Tuesday.
  • Photo Via Company

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