Norwegian Cruise Line Misses Earnings Estimates and Offers Lackluster 2023 Guidance

Norwegian Cruise Line Holdings


stock tumbled Tuesday as the company posted a wider-than-expected loss and provided disappointing guidance for 2023.

Cruise operator Norwegian (ticker: NCLH) posted an adjusted loss of $1.04 in the fourth quarter, missing analysts’ estimates of a loss of 86 cents, according to FactSet. However, revenue rose more than 225% to $1.57 billion, beating expectations of $1.5 billion, driven by strong ticket pricing and onboard sales.