Norwegian Cruise Line Stock Surges on Rosy Bookings, Onboard Spend
The Miami-based firm, which operates Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, posted second-quarter adjusted earnings per share of $0.51 on revenue that rose 6% year-over-year to $2.52 billion. Both metrics came in a tick shy of Visible Alpha consensus estimates.
Shares popped 13% to more than $26 soon after the opening bell to move into positive territory for the year. They had dipped into the $15 range in early April after President Donald Trump announced "Liberation Day" tariffs.
"Demand has rebounded across all three of our brands, with bookings now ahead of historical levels in recent months and continued strength in onboard spend," Norwegian CEO Harry Sommer said. "This performance reflects the strength of our offerings across the fleet, along with our disciplined focus on driving both return on investment and return on experience."Shares of rivals Carnival Corp. (CCL) and Royal Caribbean Group (RCL) were up 1.5% and 1%, respectively.
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