Norwegian shares surge 13% on earnings beat, guidance raise

Shares of Norwegian Cruise Line Holdings surged about 13% Thursday after the company posted better-than-expected third-quarter earnings and raised its outlook for the full year. The cruise line reported third-quarter revenue of $2.95 billion, topping Wall Street expectations of $2.88 billion, according to analyst estimates from LSEG. Net income for the period was $491 million, or $1.07 per share. Adjusted earnings before interest, taxes, depreciation and amortization was $937 million, which exceeded Norwegian's previous guidance of $874 million. Adjusted EPS was $1.12, exceeding previous guidance of 90 cents and outpacing analysts' expectations of 94 cents, per LSEG.