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
After trending higher over the past several sessions, stocks may give back some ground in early trading on Friday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 19 points. UN human rights chief has called attention to "the international paralysis" on finding a solution to the conflict in Syria, which according to her empowered and emboldened the "killers, destroyers and torturers" in the country. UN High Commissioner for Human Rights Navi Pillay on Friday appealed to Governments to take serious measures to halt the fighting and deter the crimes, and above all "sto Fashion retailer Gap Inc. said Thursday after the markets closed that its second quarter profit rose 10% from last year, helped by higher sales and a gain from asset sale. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarter sales. Separately, Gap announced plans to enter India through franchise-operated Gap brand stores in 2015.
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.