Norwegian Cruise Line Misses Earnings Estimates. That’s Not Why the Stock Is Tumbling.

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Norwegian Cruise Line Holdings stock tumbled Tuesday as the company posted a wider-than-expected loss and provided disappointing guidance for 2023.

Cruise operator Norwegian (ticker: NCLH) posted an adjusted loss of $1.04 a share in the fourth quarter, missing analysts’ estimates for a loss of 86 cents, according to FactSet. However, revenue rose more than 225% to $1.57 billion, beating expectations of $1.5 billion, driven by strong ticket pricing and onboard sales.