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Norwegian Cruise Line (NCLH) Beats on Earnings in Q2
August 08, 2017

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Based in Miami, Norwegian Cruise Line Holdings (NCLH - Free Report) offers cruises in various locations including those in the Caribbean, Mexico, Alaska, Europe, Hawaii, New England, Central America, North Africa and Scandinavia. The cruise line operator was founded in 1966

Zacks Rank: Currently, Norwegian Cruise Line has a Zacks Rank # 2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Norwegian Cruise Line’s second quarter 2017 adjusted earnings of 91 cents per share beat the Zacks Consensus Estimate of 86 cents. Earnings improved substantially on a year over year basis.

Revenue: Revenues came in at $1,344.1 million beating the Zacks Consensus Estimate of $1,309.3 million. Revenues climbed 13.3% from the year-ago figure.

Key Stats: The company expects earnings per share (excluding special items) of approximately $1.83 in the third quarter of 2017. The Zacks Consensus Estimate currently stands at $1.87 per share. The company expects earnings (excluding special items) in the band of $3.93 to $4.03 for full year. The Zacks Consensus Estimate of 3.83 per share is below the company’s guidance range.

Fuel price per metric ton, net of hedges, is projected at $455 and $456 for the third quarter and full year 2017, respectively.

Stock Price: The earnings report found favor with investors. Consequently, shares of the company were up in pre-market trading at the time of writing.

 

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