By Connor Hart

Norwegian Cruise Line Holdings cut its full-year outlook and said it quickly moved to simplify, optimize and streamline the business during the recent quarter, helping offset near-term pressures.

The cruise operator on Monday said it now expects 2026 net yield to decline between 2.7% and 4.7%, compared with a prior outlook for net yield to be up 0.4%. Adjusted earnings for the year are now projected to come in between $1.45 and $1.79 a share, compared with a previous forecast of $2.38 a share.

Analysts polled by FactSet had expected net yield to tick up 0.1%, and for adjusted earnings of $2.10 a share.

Shares fell 5.2%, to $17.84, in premarket trading.

The outlook came as Norwegian Cruise Line posted a first-quarter profit of $104.7 million, or 23 cents a share, compared with a loss of $40.3 million, or 9 cents a share, a year earlier.

Stripping out one-time items, earnings were 23 cents a share. Analysts had been looking for adjusted earnings of 14 cents a share.

Revenue climbed 9.6% to $2.33 billion, just below Wall Street models for $2.36 billion.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 04, 2026 07:00 ET (11:00 GMT)

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