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TAKEAWAYS KEY
- Norwegian Cruise Line Holdings stock plunged by 9% after the opening bell of Wednesday, following the company’s earnings report that missed analysts estimates.
- The company said it had seen some "softening" in bookings, though it maintained its outlook for 2025.
- The company’s stock lost about a third of its value since the start of the year through Tuesday's close.
Norwegian Cruise Line Holdings shares (NCLH), which were listed on the New York Stock Exchange, plunged by 9% after the opening bell of Wednesday. The company had reported earnings that fell short of analysts’ expectations and said they had seen “softenings” in bookings because of economic uncertainty.
The Miami-based cruise company reported a first-quarter adjusted earning per share (EPS), of $0.07, on revenue that was down 3% from the previous year to $2.13 Billion. Visible Alpha polled analysts who had forecast $0.09 and $2.15bn respectively.
"The Company has seen softening in its 12-month forward booked position but continues to remain within the optimal range, even amid ongoing macroeconomic volatility," Norwegian said.
The cruise line kept its outlook for 2025. It expects adjusted EPS to be $2.05, an increase of about 13% over the previous year.
“While we recognize there may be potential pressures on the top line, we believe these can be effectively offset by the continued execution of our cost savings initiatives," CEO Harry Sommer said.
The company’s stock lost about a third of its value since the start of the year through Tuesday's close.
UPDATE—April 30, 2025: This article has been updated to include refreshed share prices.
