Norwegian sails to profit for 4Q

Norwegian reports 4Q profit on revenue gains; shares up after hours

Associated Press

MIAMI (AP) -- Norwegian Cruise Line Holding Ltd.'s shares jumped in after-hours trading Monday after the company sailed to a profit in its fourth quarter.

The cruise line operator, which went public in January, reported net income of $1.1 million, or 1 cent per share, for the quarter that ended Dec. 31. That compares with loss of $1.9 million, or 1 cent per share, a year ago. After adjusting for a $4.5 million compensation charge related to former CEO, it earned 4 cents per share in the most recent quarter.

Norwegian's revenue increased to $503.2 million from $488.6 million, helped by higher ticket prices and consumers spending more onboard its ships.

The Miami-based company also said Monday that it expects to earn 2 to 5 cents per share for its first quarter and $1.20 to $1.40 per share for the full year.

Norwegian joined other publicly traded cruise operators including Royal Caribbean Cruises Ltd. and Carnival Corp. on Jan. 18. Its shares were priced at $19 per share and skyrocketed at their debut.

Shares fell 23 cents to close regular trading at $27.68 but jumped $1.13, or 4.1 percent, to $28.81 in after-hours trading.

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