Norwegian shares surge 13% on earnings beat, guidance raise

Summary

• Norwegian Cruise Line Holdings shares surged 13% on Thursday following better-than-expected third-quarter earnings & a raised full-year outlook.
• Third-quarter revenue reached $2.95 billion, exceeding Wall Street expectations of $2.88 billion.
• Net income for the period was $491 million, or $1.07 per share.
• Adjusted EBITDA was $937 million, surpassing previous guidance of $874 million & analyst expectations of $94 cents per share.
• Adjusted EPS was $1.12, exceeding previous guidance of 90 cents & analyst expectations of 94 cents.
• The company raised its 2026 adjusted EBITDA guidance to $2.55 billion & adjusted EPS guidance to approximately $1.70.
• Bookings have improved modestly since the last report but remain below the optimal range.
• The company plans to launch a new marketing platform in January & anticipates demand growth from enhancements like a new waterpark at Great Stirrup Cay.
• Chief Financial Officer Mark Kempa will step down after more than 25 years, with Chief Strategy Officer Meghan Montana taking over the role starting Jan. 1.