2023-05-01 14:41:09 ET
Shares of Norwegian Cruise Line Holdings (NYSE: NCLH) jumped as much as 10% Monday after reporting better-than-expected first-quarter results. The stock remained higher by 8.5% at 2:15 p.m. ET. Today's bounce brings returns from the cruise operator's stock to almost 20% year to date.
The quarterly period marked a sharp recovery for the business, with revenue of $1.8 billion compared to just $522 million in the prior-year period. Analysts expected $1.7 billion in revenue and a loss of $0.42 per share, according to FactSet Research .
Norwegian reported an adjusted loss of $0.30 per share, but that outperformance wasn't the only reason the stock jumped. Investors liked what the company said about its second quarter, as well as the full-year profit outlook.
For further details see:
Why Norwegian Cruise Line Stock Jumped Monday