Norwegian Cruise Line: 3Q Earnings Snapshot
MIAMI (AP) _ Norwegian Cruise Line Holdings Ltd. (NCLH) on Thursday reported third-quarter profit of $470.4 million.
On a per-share basis, the Miami-based company said it had net income of $2.11. Earnings, adjusted for non-recurring costs and amortization costs, were $2.27 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.
The cruise operator posted revenue of $1.86 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.84 billion.
Norwegian Cruise Line expects full-year earnings to be $4.85 per share.
Norwegian Cruise Line shares have declined nearly 10 percent since the beginning of the year. The stock has decreased 13 percent in the last 12 months.