The cruise operator needed a stellar quarterly earnings report Wednesday to fend off market skepticism toward the sector.
(Reuters) -Norwegian Cruise Line Holdings raised full-year profit forecast on Wednesday after it topped first-quarter earnings estimates, betting on higher ticket prices and record demand for cruise vacations to destinations like the Caribbean. However, its shares dropped 9% after quarterly revenue fell short of analysts' expectations. Last week, rival Royal Caribbean Group raised its annual profit forecast for the second time since February.
Norwegian Cruise (NCLH) first-quarter 2024 results are likely to benefit from robust demand for its Norwegian Cruise Line brand and record-high bookings.