Viking Q1 Adjusted Loss Narrows, Revenue Rises; CFO Leah Talactac Named as CEO

MT Newswires Live

05/14

Viking (VIK) reported a Q1 adjusted loss Thursday of $0.11 per share, narrower than a loss of $0.24 a year earlier.

Analysts polled by FactSet expected a loss of $0.13.

Revenue for the quarter ended March 31 was $1.05 billion, compared with $897.1 million a year earlier.

Analysts polled by FactSet expected $1.01 billion.

Additionally, Viking said it appointed Chief Financial Officer Leah Talactac as chief executive officer.

The company said CEO Torstein Hagen will become executive chairman and remain chairman of the board.

It added that it has named Executive Vice President of Finance Linh Banh as CFO.

Shares of the company were up 2.1% in Thursday's premarket activity.

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