Thursday, May 06, 2021 9:54:48 AM
Published: May 6, 2021 at 7:19 a.m. ET
By Tomi Kilgore
https://www.marketwatch.com/story/norwegian-cruise-stock-drops-after-wider-than-expected-loss-revenue-miss-2021-05-06?siteid=yhoof2
Shares of Norwegian Cruise Line Holdings Ltd. NCLH, -3.07% fell 2.0% in premarket trading Thursday, after the cruise operator reported a wider-than-expected first-quarter loss and revenue that fell more than forecast, while cash burn was in line with forecasts and said it was preparing to return to service this summer. The net loss narrowed to $1.37 billion, or $4.16 a share, from $1.88 billion, or $8.80 a share, in the year-ago period. Excluding nonrecurring items, per-share losses widened to $2.03 from 99 cents, compared with the FactSet loss consensus of $2.02. Revenue plunged 99.8% to $3.1 million, below the FactSet consensus of $11.2 million. Monthly average cash burn was in line with the company's guidance of $190 million, and Norwegian expects second-quarter cash burn to average $190 million a month. The company said 2022 booking trends "are very positive driven by strong pent up demand," with the booked position for the first half of 2022 "meaningfully ahead" of the pre-pandemic 2019's record levels. "As for the resumption of cruises from the U.S., we continue to engage in dialogue with the U.S. Centers for Disease Control and Prevention," said Chief Executive Frank Del Rio. "Our team is working through the recently issued and modified technical guidance for which additional clarification is needed on how the incorporation of vaccine requirements impacts the Conditional Sail Order and our path forward." The stock has rallied 20.8% over the past three months through Wednesday while the S&P 500 SPX, 0.00% has gained 7.2%.
"Then there was a woman, a lion of a woman."
Recent NCLH News
- NORWEGIAN CRUISE LINE CELEBRATES TEACHER APPRECIATION WEEK WITH DEBUT OF NEW TEACHER CRUISE DISCOUNT AND FIFTH ANNIVERSARY OF ITS 'GIVING JOY' CAMPAIGN • PR Newswire (US) • 05/06/2024 08:23:00 PM
- NORWEGIAN CRUISE LINE CELEBRATES TEACHER APPRECIATION WEEK WITH DEBUT OF NEW TEACHER CRUISE DISCOUNT AND FIFTH ANNIVERSARY OF ITS 'GIVING JOY' CAMPAIGN • PR Newswire (Canada) • 05/06/2024 08:23:00 PM
- Norwegian Cruise Line Holdings Reports Strong First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/01/2024 11:30:00 AM
- Norwegian Cruise Line Holdings to Hold Conference Call on First Quarter 2024 Financial Results • GlobeNewswire Inc. • 04/17/2024 12:30:00 PM
- NORWEGIAN CRUISE LINE UNVEILS ALL-NEW CULINARY EXPERIENCES TO DEBUT ABOARD NORWEGIAN AQUA • PR Newswire (US) • 04/16/2024 01:00:00 PM
- Oceania Cruises Announces New 2025-2026 Tropics and Exotics Collection • PR Newswire (US) • 04/11/2024 01:00:00 PM
- Norwegian Cruise Line Holdings Unveils Bold New Vision for the Future with Strategic Long Term Fleet Expansion and Enhanced Private Island Development • GlobeNewswire Inc. • 04/08/2024 08:15:00 PM
- Oceania Cruises Announces Giada De Laurentiis as Brand and Culinary Ambassador • PR Newswire (US) • 04/05/2024 05:15:00 PM
- Oceania Cruises Offers Free Pre-Cruise Hotel Stay on a Range of Sailings in 2024 and 2025 • PR Newswire (US) • 03/26/2024 01:00:00 PM
- Oceania Cruises Appoints Chef Alexis Quaretti and Chef Eric Barale as Executive Culinary Directors • PR Newswire (US) • 03/20/2024 12:00:00 PM
- S&P upgrades NCL Corporation Ltd.’s credit ratings • GlobeNewswire Inc. • 03/12/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:30:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 08:10:08 PM
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- Oceania Cruises Announces 2026 Around the World Voyage Aboard Its Newest Ship, Vista • PR Newswire (US) • 03/05/2024 02:02:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 12:39:55 PM
- Norwegian Cruise Line Holdings Reports Strong Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 02/27/2024 12:30:00 PM
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