Norwegian Cruise Line (NCLH) Shares Skyrocket, What You Need To Know
What Happened:
Shares of cruise company Norwegian Cruise Line (NYSE:NCLH) jumped 18.7% in the morning session after the company reported fourth-quarter results and provided an optimistic earnings forecast for the next quarter, which blew past analysts' expectations. Its revenue narrowly outperformed Wall Street's estimates during the quarter. On the other hand, its passenger cruise days unfortunately missed, and its EPS fell short of Wall Street's estimates. Overall, this was a mixed quarter for Norwegian Cruise Line, but the outlook is sure to draw some optimism.
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What is the market telling us:
Norwegian Cruise Line's shares are very volatile and over the last year have had 27 moves greater than 5%. But moves this big are very rare even for Norwegian Cruise Line and that is indicating to us that this news had a significant impact on the market's perception of the business.
Norwegian Cruise Line is up 2.3% since the beginning of the year, but at $18.73 per share it is still trading 16.9% below its 52-week high of $22.52 from July 2023. Investors who bought $1,000 worth of Norwegian Cruise Line's shares 5 years ago would now be looking at an investment worth $341.13.
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