🔴 Exclusive webinar: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Norwegian Cruise Line tops Q3 expectations, raises earnings guidance

Published 10/31/2024, 07:42 AM
© Reuters
NCLH
-

Investing.com -- Shares of Norwegian Cruise Line (NYSE: NYSE:NCLH) rose around 1.8% premarket Thursday after the company reported its latest quarterly earnings, topping consensus expectations.

The cruise line firm reported Q3 EPS of $0.99, $0.05 better than the analyst estimate of $0.94, while revenue for the quarter came in at $2.81 billion, up 11% year-on-year and above the consensus estimate of $2.77 billion. Revenue was also a record for the the third quarter.

NCLH said the company's sustained focus on margin enhancement drove another quarter of improvement in operating costs.

"Our exceptional third-quarter results, with record revenue, net income and Adjusted EBITDA, surpassed guidance across all key metrics, underscoring the strength of our business, the attractiveness of our product offering across all brands and the superior execution and delivery by our teams both shoreside and shipboard," said Harry Sommer, President and chief executive officer of Norwegian Cruise Line Holdings.

Sommer also noted that the quarter was boosted by robust demand and the company's "relentless focus on cost control and margin enhancement."

As a result, NCLH lifted its full-year guidance for a fourth time and expects 2024 to be its best year for revenue, net yield growth and adjusted EBITDA.

2024 full-year adjusted EBITDA guidance was increased by $75 million from the prior guidance to approximately $2.425 billion from $2.350 billion, while adjusted EPS guidance was raised approximately 8%, or $0.12 to $1.65 from $1.53.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.