Why Norwegian Cruise Line Stock Jumped Today
Yahoo Finance ·
Shares of Norwegian Cruise Line ( NCLH +13.45% ) rose more than 13% on Thursday after the travel company reported stronger-than-expected profits. Norwegian's revenue inched up less than 1% year over year to $2.9 billion in the third quarter. The cruise ship operator said an increase in last-minute bookings and higher onboard guest spending contributed to the gains. The company's expense-reduction initiatives helped to offset rising fuel costs related to conflict in the Middle East. Adjusted net cruise cost, excluding fuel, per capacity day improved by 2.2% to $152. "We delivered third-quarter results that came in above guidance, all while continuing to strengthen our commercial capabilities, improve operating efficiency, and enhance the guest experience," CEO John Chidsey said. All told, Norwegian's adjusted net income checked in at $514 million, or $1.12 per share. That bested Wall Street's projections, which had called for per-share earnings of $0.93. These profits, combined with asset sales, are enabling the travel company to strengthen its balance sheet by paying down debt, thereby reducing the risks for investors. These encouraging results and ongoing cost-saving trends prompted Norwegian to heighten its full-year financial targets. Management now projects adjusted net income of $789 million, or $1.70 per share. That's up from a previous forecast of $700 million, or $1.50 per share. *Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
DYAX Investor Sentiment
Bullish (Long) 43% · Bearish (Short) 57%
441 participants
Related News
- U.S. stock futures sink, Nasdaq down 2% as Amazon, Intel earnings underwhelm
- Warren Buffett Says Doing Nothing Beats Doing Something. History Says He's Right.
- SPCX, ASTS, RKLB Slide Overnight: Amazon Reaffirms 2026 Satellite Service Debut — Retail Weighs Competitive Threat
- Nvidia's web of AI bets: smart strategy or bubble risk?
- ServiceNow Stock Just Plunged More Than 20% in a Single Day. Here's What It Did After Its Other Biggest Drops.
- Korea Exchange activates a sidecar on the KOSPI after KOSPI 200 futures fall 5% with programme trading halted for 5 minutes
