MIAMI (AP) -- Norwegian Cruise Line Holdings lost money in its second quarter, weighed down by refinancing transactions.
Adjusted net income topped Wall Street expectations, however, and the company raised the low end of its full-year adjusted earnings forecast Monday.
For the period ended June 30, Norwegian lost $8.8 million, or 4 cents per share. That compares with a profit of $36 million, or 20 cents per share, a year earlier.
Excluding refinancing transactions related to a new credit facility and other amended facilities, earnings were 29 cents per share. That's two cents better than analysts had expected, and nine cents better than last year's adjusted quarterly earnings.
Revenue climbed 11 percent to $644.4 million as ticket prices increased and it added another vessel to its fleet. That was just shy of the $654.9 million that Wall Street forecast.
Norwegian Cruise Line Holdings Ltd. now predicts full-year adjusted earnings of $1.30 to $1.40 per share. The Miami company previously had projected its adjusted earnings at between $1.20 and $1.40 per share. It foresees third-quarter adjusted earnings of 80 cents to 85 cents per share.
Analysts expect full-year earnings of $1.30 per share and third-quarter earnings of 85 cents per share.
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