By Rob Curran
Norwegian Cruise Line Holdings swung to a first-quarter loss on a downtick in revenue and the pleasure-craft operator warned of some softening in reservation trends, even as it backed its 2025 adjusted-earnings target.
The cruise line on Wednesday said it swung to a loss of $40.3 million, or 9 cents a share, from a profit of $17.4 million, or 4 cents a share, a year earlier.
Stripping out certain one-time items, Miami-based Norwegian posted adjusted earnings of 7 cents a share, short of the average Wall Street target of 9 cents a share, as per FactSet.
Revenue fell 2.9% to $2.13 billion, compared with the mean analyst estimate of $2.15 billion, as tallied by FactSet.
Marketing, general and administrative expenses rose sharply to $391.4 million.
For the second quarter, Norwegian forecast adjusted earnings of 51 cents a share.
The Miami company reiterated its target for 2025 adjusted earnings of $2.05 a share.
The company stood by the guidance while being "mindful of the evolving macroeconomic environment and despite recent volatility," said President and Chief Executive Harry Sommer in a statement.
The company cited some softening in 12-month forward bookings, but said its advanced ticket balance, a measure of reservation volumes, rose 2.6% from a year earlier to $3.9 billion.
Write to Rob Curran at rob.curran@wsj.com
(END) Dow Jones Newswires
April 30, 2025 06:53 ET (10:53 GMT)
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