Norwegian Cruise Line’s Upgraded Amenities Help Boost Earnings

TheStreet
Norwegian Cruise Line's second quarter demonstrated that the company's investments in new ships and fleet modernization are paying dividends. Adjusted earnings per share came in at $0.58, $0.01 above Wall Street expectations. The result represented the seventh consecutive quarter in which Norwegian Cruise Line surpassed consensus earnings expectations. Net revenue growth clocked in at 18.9% year over year, below consensus estimates for 23.7% growth, marking the fifth straight quarter that Norwegian Cruise Line was light in terms of revenue. The revenue shortfall could be attributed to what chief executive officer Kevin Sheehan characterized a "promotional environment", likely in the Caribbean market, which led to on-board revenue growth outpacing ticket growth. Brian Sozzi returns to his recent interview with Sheehan to reveal why the quarter was strong on the bottom line.
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