Norwegian Cruise Line Holding share jumps after raising annual profit forecast
Oct 29 (Reuters) - Norwegian Cruise Line Holdings NCLH.N shares rose 14% premarket after the company raised its annual profit forecast on Thursday after strong demand for premium voyages and cost controls helped it beat third-quarter estimates
The company also said insider Meghan Montana will succeed Mark Kempa, as its finance chief effective January
Here are more details:-
Cruise demand remained resilient as travellers continued to spend on premium experiences, while shifting to alternative destinations and shorter itineraries amid Middle East tensions.
Norwegian Cruise expects fiscal 2026 adjusted earnings of $1.70 per share, up from its previous forecast of $1.50.
The company also sees annual adjusted net cruise cost excluding fuel per capacity day is expected to be down 0.4% on a constant currency basis compared to prior target of 0.25%
Quarterly revenue rose to $2.95 billion, beating analysts' estimate of $2.88 billion, according to LSEG data.
Adjusted profit came in at $1.12 per share, above analysts' estimate of 94 cents.
Norwegian Cruise said cost discipline helped keep unit costs below expectations, supporting quarterly profitability.
Third-quarter fuel price per metric ton, net of hedges, increased 10% to $819 million, compared with $744 from a year earlier.
Montana, who has two decades of corporate finance experience, joined Norwegian Cruise in 2026 as an executive vice president.