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Why Norwegian Cruise Line Holdings Stock Crashed

TheMotleyFool

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Why Norwegian Cruise Line Holdings Stock Crashed: https://g.foolcdn.com/editorial/images/841370/young-girl-looks-pensive-while-leaning-over-railing-on-a-cruise-ship.jpg

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.

Image source: Getty Images.

Source Fool.com