Norwegian Cruise Line shares rise from previous close
Quarterly earnings exceeded analysts’ consensus estimate, while revenue was slightly below expectations.
Norwegian Cruise Line Holdings shares opened at $15.11 after closing previously at $14.31. They later traded at $14.9970, with volume reaching 5,330,061 shares.
The company reported quarterly earnings per share of $0.48, which was $0.07 above the analyst consensus estimate of $0.41. Quarterly revenue was $2.64 billion, compared with the analyst estimate of $2.65 billion.
According to the report, Norwegian Cruise Line Holdings increased revenue by 4.9% from a year earlier. It also said hedge funds and other institutional investors owned 69.58% of the company’s stock.
Analyst data indicated an average rating of Hold and an average price target of $20.50 for the shares. Norwegian Cruise Line Holdings operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises.
