Norwegian Cruise Line Beats Profit Forecast Amid Soft Demand
In the second quarter, Norwegian Cruise Line Holdings announced a net income of $222.6 million, translating to $0.48 per share, a significant increase from the previous year’s $30 million, or $0.07 per share. The adjusted earnings per share also stood at $0.48, surpassing the company's forecast of $0.38 and the analyst consensus of $0.39, as reported by MarketWatch. However, despite this positive earnings report, demand continues to be weak, indicating persistent difficulties within the cruise sector.
Key facts
- Norwegian Cruise Line Holdings reported Q2 net income of $222.6 million.
- Earnings per share were $0.48, up from $0.07 a year ago.
- Adjusted EPS of $0.48 beat company guidance of $0.38.
- Adjusted EPS also surpassed analyst consensus of $0.39.
- Demand for cruises remains soft despite the profit beat.
- The company's stock ticker is NCLH.
- Data sourced from MarketWatch.
- Year-over-year net income increased significantly from $30 million.
Entities
Institutions
- Norwegian Cruise Line Holdings
- MarketWatch
Sources
- Quartz —