Norwegian Cruise Line Holdings Ltd. (NCLH) reported mixed first-quarter results, beating earnings expectations but slashing full-year guidance.
Shares fell 8.5% in morning trading. The company reported an adjusted EPS of $0.23. This result beat the $0.15 analyst consensus. Revenue totaled $2.33 billion. This figure missed the projected $2.36 billion.
Management cut the full-year 2026 adjusted EPS guidance to a range of $1.45 to $1.79. This new forecast represents a 30% midpoint reduction. The previous estimate stood at $2.38.
The company cited war-related disruptions in the Middle East for the downgrade. These conflicts have triggered higher fuel costs and softened consumer demand. Norwegian is redeploying ships to alternative markets, which may lead to lower yields. The stock fell despite the company's demonstrated cost-control measures.