Norwegian Cruise Line Stock Plummets Despite Earnings Beat
Investors react negatively as Norwegian Cruise Line's raised profit outlook falls short of high expectations.
- Norwegian Cruise Line Holdings reported a 15% drop in stock value, despite surpassing Wall Street's earnings expectations.
- The company raised its full-year profit forecast to $1.32 per share, slightly above analyst predictions but below investor hopes.
- First-quarter revenue grew by 20%, with a reported $2.191 billion against a forecast of $2.24 billion.
- Operational improvements noted, with significant increases in operating income and adjusted EBITDA.
- Despite financial gains, the stock's decline reflects investor impatience and comparative underperformance against peers like Royal Caribbean.