Breaking News
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade NCLH now with 

Norwegian Cruise Line Holdings Ltd. (NCLH: Quote) 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.

Register
To receive FREE breaking news email alerts for Norwegian Cruise Line Holdings Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.