Why Norwegian Cruise Line Holdings Stock Crashed
Norwegian Cruise Line Holdings (NYSE: NCLH) stock tumbled 12.5% through 11:35 a.m. ET Tuesday after reporting mixed earnings this morning.
Heading into the report, analysts forecast the cruise line would earn $1.16 per share (adjusted for one-time items) on $3 billion in quarterly sales. Norwegian beat the earnings forecast with a $1.20 (also non-GAAP) profit, but its sales were only $2.9 billion.
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Source Fool.com
