logo
Share SHARE
FONT-SIZE Plus   Neg

Norwegian Cruise Line Posts Profit In Q4, Stock Rises - Update

Norwegian Cruise Line Holdings Ltd. (NCLH) Monday reported a profit for the fourth quarter, compared to a loss last year, helped by higher revenues and a grip on expenses. The stock rose nearly 4 percent in the extended trade.

Net income for the quarter was $1.05 million or $0.01 per share, compared to a net loss of $1.94 million or $0.01 per share last year.

Excluding a share-based compensation charge, net earnings for the latest quarter were $5.6 million or $0.04 per share.

Two analysts polled by Thomson Reuters expected earnings of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter rose to $503.17 million from $488.59 million a year ago. Analysts expected $512.70 million for the quarter.

The company attributed the revenue increase to slightly higher capacity days and a net yield improvement of 2.5 percent from higher ticket pricing and onboard spend per capacity day.

Cruise operating expense advanced to $344.59 million from $343.38 million.

Kevin Sheehan, CEO, said, ''We are very pleased to begin our journey as a public company by posting strong results for 2012. In addition, our fourth quarter results marked our eighteenth consecutive quarter of year-over-year Adjusted EBITDA growth."

Looking forward, the company forecast adjusted earnings of $0.02 to $0.05 per share for the first quarter. Analysts currently expect the company to report a loss of $0.01 per share for the first quarter.

Excluding items, full year earnings are seen in the range of $1.20 to $1.40 per share. Wall Street currently expects the company to earn $1.26 per share for 2013.

NCLH settled down 0.8 percent at $27.68 on Monday, but added 3.7 percent in the extended trade.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT