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Why Norwegian Cruise Line Stock Is Sinking
['Joe Tenebruso', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
Shares of Norwegian Cruise Line Holdings (NCLH -3.64%) fell on Thursday after the fleet manager slashed its full-year earnings guidance.
Expand NYSE : NCLH Norwegian Cruise Line Today's Change ( -3.64 %) $ -0.70 Current Price $ 18.55 Key Data Points Market Cap $8.5B Market cap calculated using publicly traded shares outstanding only.
Implied market cap may vary.
All told, Norwegian's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased 4.1% to $666 million.
The cruise line cut its full-year adjusted earnings target to $1.50 per share, down from a prior forecast of $1.45 to $1.79.