Norwegian Cruise Falls as Raised Profit Outlook Fails to Impress
- Raised full-year EPS by 9 cents but investors wanted more
- Norwegian has lowest ratio of buy recommendations in industry
Cruise ships operated by Norwegian Cruise Lines at the Port of Southampton in Southampton, UK.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Norwegian Cruise Line Holdings Ltd. plunged after its improved profit outlook disappointed investors’ high expectations amid an industry boom that’s caused record demand for sailings.
Earnings for this year will now be about $1.32 a share, the company said in a statement. That was up from its prior outlook of $1.23 a share and above the average analyst expectation of $1.28, but failed to impress zealous shareholders wanting more from surging ticket sales.