Share price of Norwegian Cruise Line is rising high

Published on : Tuesday, August 8, 2017

700x475_MainImage_DawnThe cruise-line operator Norwegian Cruise Line (NCLH), which operates successfully its cruises in the Caribbean Sea has topped the Wall Street Forecasts, by sending the share prices higher.



The earnings of Norwegian Cruise Line (NCLH) has the per share up 14% to 97 cents on revenue of $1.309 billion, up 10%.



Norwegian Cruise Line sees Q3 EPS of about $1.83 and full-year EPS of $3.93-$4.03 vs. a prior 2017 range of $3.79-$3.89. The Zacks consensus is for $1.87 in Q3 and $3.90 for the year.



The shares of this cruise line have jumped 4% to 58.90 before opening the stock market today. On Monday, the shares finished within range of a 56.36 buy point of a cup-with-handle base.



Another competitor of Norwegian Cruise Line is Royal Caribbean (RCL), which put up a Q2 earnings beat last week, was inactive.



Royal Caribbean raised its full-year EPS guidance, citing the Q2 results and favourable booking trends. The cruise markets in the world has benefited from better consumer sentiment, a better economy and lower gas prices, among other things.



The first-quarter earnings call of the share price gaining a momentum which was formed by the introduction of Norwegian Bliss, a ship that will serve Alaska starting next year.



The company’s new Norwegian Joy ship will first serve in China, which is decked out with extra casino and karaoke space.




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