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Norwegian Cruise Line: 1Q Earnings Snapshot

MIAMI (AP) _ Norwegian Cruise Line Holdings Ltd. (NCLH) on Thursday reported first-quarter profit of $118.2 million.

The Miami-based company said it had profit of 54 cents per share. Earnings, adjusted for non-recurring costs and to extinguish debt, were 83 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.

The cruise operator posted revenue of $1.4 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.39 billion.

For the current quarter ending in July, Norwegian Cruise Line expects its per-share earnings to be $1.33.

The company expects full-year earnings in the range of $5.40 to $5.50 per share.

Norwegian Cruise Line shares have increased 35% since the beginning of the year. The stock has risen 13% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCLH at https://www.zacks.com/ap/NCLH