Norwegian Cruise Line Holdings beat earnings estimates in the third quarter as demand remained strong but cut its full-year outlook as it warned about the impact of the Israel-Hamas conflict.
The company expects an adjusted loss of 15 cents per share in the current quarter, compared with the analysts’ consensus for a 2 cents-per-share profit. For the full-year, Norwegian cut its guidance to a 73 cents-per-share profit, down from 80 cents—analysts are expecting 78 cents, according to those surveyed by FactSet.
Norwegian still had a good third quarter, posting adjusted earnings of 76 cents per share on record revenue of $2.5 billion. Analysts were expecting earnings of 68 cents per share on revenue of $2.5 billion, according to those surveyed by FactSet.