Why Norwegian Cruise Line (NCLH) Shares Are Falling
Portfolio Pulse from Henry Khederian
Norwegian Cruise Line Holdings Ltd (NCLH) shares are down 4.38% to $18.55, falling in sympathy with Carnival Corporation after it reported Q2 financial results and issued guidance. Carnival's Q2 sales increased by 104.54% YoY, and adjusted FY23 EBITDA is projected to be between $4.10 billion and $4.25 billion.
June 26, 2023 | 3:08 pm
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NCLH shares are down 4.38% to $18.55, falling in sympathy with Carnival Corporation's Q2 financial results and guidance.
NCLH shares are falling due to the sympathy effect with Carnival Corporation's Q2 financial results and guidance. Investors may be concerned about the overall cruise industry's performance and outlook, leading to a negative impact on NCLH's stock price.
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