Norwegian Cruise Line Boosts 2024 Guidance Yet Again: Q2 Profits Surge As Demand Stays High
Portfolio Pulse from Akanksha Bakshi
Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) reported strong Q2 fiscal 2024 results with a 7.6% sales growth and a 25.3% increase in operating income. The company raised its 2024 guidance for the third time this year, expecting significant growth in Adjusted EPS and EBITDA. Despite missing sales consensus, NCLH beat EPS expectations and saw high occupancy rates.
July 31, 2024 | 1:58 pm
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Norwegian Cruise Line Holdings Ltd (NCLH) reported strong Q2 fiscal 2024 results with a 7.6% sales growth and a 25.3% increase in operating income. The company raised its 2024 guidance for the third time this year, expecting significant growth in Adjusted EPS and EBITDA. Despite missing sales consensus, NCLH beat EPS expectations and saw high occupancy rates.
NCLH's strong Q2 results, including a 7.6% sales growth and a 25.3% increase in operating income, along with raised guidance for 2024, indicate positive momentum. The company's ability to beat EPS expectations and maintain high occupancy rates suggests strong demand and operational efficiency, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100