For a season that was defined by global unrest and health concerns in the Caribbean, NCL was able to post improvements over the previous year.
Norwegian Cruise Line Holdings Ltd. on Tuesday reported first-quarter net income of $73.2 million, after reporting a loss in the same period a year earlier.
The Miami-based company said it had profit of 32 cents per share. Earnings, adjusted for one-time gains and costs, were 38 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share.
The cruise operator posted revenue of $1.08 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.09 billion.
For the current quarter ending in July, Norwegian Cruise Line expects its per-share earnings to range from 80 cents to 85 cents.
The company expects full-year earnings in the range of $3.65 to $3.85 per share.
Norwegian Cruise Line shares have declined 16 percent since the beginning of the year. The stock has declined roughly 6 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.
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Photo credit: This photo of a rendering provided by Regent Seven Seas Cruises depicts the cruise line’s forthcoming ship, the Seven Seas Explorer. Regent is one of NCL's three brands. Regent Seven Seas Cruises/Spine / Associated Press