Norwegian Cruise Line Holdings’ stock surged after raising its annual profit forecast

Reuters, October 29 - Norwegian Cruise Line Holdings (NCLH.N) shares rose 14% in pre-market trading after the company raised its annual profit forecast on Thursday. Strong demand for premium cruises and effective cost controls helped it post third-quarter results that exceeded market expectations.

The company also announced that insider Meghan Montana will replace Mark Kempa as chief financial officer starting in January.

Details are as follows:-

• Cruise demand remains strong as travelers continue to pay for premium experiences; meanwhile, tensions in the Middle East are driving travelers to alternative destinations and shorter itineraries.

• Norwegian Cruise Line expects adjusted earnings per share of $1.70 for fiscal 2026, up from its previous forecast of $1.50.

• The company also expects, on a constant currency basis, annual adjusted net cruise costs per capacity day excluding fuel to decrease by 0.4%, compared with a previous target of a 0.25% decrease.

• According to London Stock Exchange Group (LSEG) data, quarterly revenue rose to $2.95 billion, surpassing analyst expectations of $2.88 billion.

• Adjusted earnings per share were $1.12, above the analyst estimate of 94 cents.

• Norwegian Cruise Line said strict cost controls helped keep unit costs below expected levels, supporting this quarter’s profitability.

• Third-quarter fuel price per metric ton (excluding hedging impact) rose 10% from $7.44 a year earlier to $8.19.

• Montana, who has 20 years of corporate finance experience, joined Norwegian Cruise Line in 2026 as executive vice president.

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