by Sarah Kuta
Last updated: 1:50 PM ET, Wed July 31, 2024
Buoyed by continued strong demand for cruises, Norwegian Cruise Line Holdings has raised its annual profit outlook for the third time this year.
The publicly traded company shared its second-quarter results today, reassuring shareholders with news of “strong pricing and booking volumes” as well as “record-breaking advanced ticket sales,” said Harry Sommer, president and chief executive officer of Norwegian Cruise Line Holdings Ltd., on a post-earnings call.
Norwegian reported adjusted earnings per share of $0.40 in the second quarter, or $2.37 billion in adjusted net income. Adjusted earnings per share beat analysts expectations, while adjusted net income fell just short of analysts’ forecasts.
The company increased its adjusted profit guidance to $1.53 per share, an 8 percent increase from its previous $1.42 forecast.
“2024 continues to be an exceptional year in terms of our financial performance, as evidenced by our strong second quarter results which exceeded guidance across the board,” said Sommer.
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