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Published on : Tuesday, August 8, 2017
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.