Cruise Operator Norwegian Predicts Loss In Q4 As New Waves Of Disruptions Emerge
Portfolio Pulse from Akanksha Bakshi
Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) reported Q3 FY23 sales growth of 57% YoY to $2.536 billion, beating the analyst consensus. Adjusted EPS of $0.76 also beat the consensus of $0.69. However, the company predicts a loss in Q4 due to new waves of disruptions, with an expected adjusted EPS of ~$(0.15) vs consensus of $0.01. NCLH shares are trading lower by 3.13% at $13.17.
November 01, 2023 | 5:37 pm
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NEGATIVE IMPACT
Despite beating Q3 FY23 estimates, Norwegian Cruise Line predicts a Q4 loss, leading to a drop in its share price.
Norwegian Cruise Line's Q3 FY23 results were strong, beating estimates. However, the company's prediction of a Q4 loss due to disruptions has negatively impacted investor sentiment, leading to a drop in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100