Norwegian Cruise’s stock drops toward a 6-month low after downbeat earnings outlook, amid lower-than-expected close-in demand

📆 01/11/2023 14:00:00
📰 MarketWatch

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Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

Shares of Norwegian Cruise Line Holdings Ltd.

took a 2.7% hit toward a 6-month low in premarket trading Wednesday, after the cruise operator topped third-quarter profit estimates but cut its full-year outlook amid lower-than-expected close-in demand for certain itineraries. The company swung to net income of $345.9 million, or 71 cents a share, from a loss of $295.4 million, or 70 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 76 cents beat the FactSet consensus of 68 cents.

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