Norwegian Cruise Line shares fall 10% as soft outlook, wider losses eclipse strong demand
Publishing timestamp: 2023-02-28 16:32:58
Summary
Norwegian Cruise Line's stock fell over 10% after posting weaker-than-expected guidance for the year. The company reported losses that were wider than Wall Street expected, but it beat on revenue. The company is struggling to reduce costs and debt, and is projecting losses of 45 cents per share in the first quarter. Despite this, the company is seeing strong demand and is hopeful it can ride out the difficulties.
Sentiment: NEGATIVE
Keywords: transportation, travel, business, seema mody, business news, norwegian cruise line holdings ltd, royal caribbean cruises ltd,
Source: https://www.cnbc.com/2023/02/28/norwegian-cruise-line-shares-fall-earnings.html