Particle.news

Download on the App Store

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.
Hero image