Norwegian Cruise Line: 1Q Earnings Snapshot

MIAMI (AP) _ Norwegian Cruise Line Holdings Ltd. (NCLH) on Thursday reported a first-quarter loss of $1.88 billion, after reporting a profit in the same period a year earlier.

The Miami-based company said it had a loss of $8.80 per share. Losses, adjusted for asset impairment costs and non-recurring costs, were 99 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.

The cruise operator posted revenue of $1.25 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $1.28 billion.

Norwegian Cruise Line shares have dropped 82% since the beginning of the year. The stock has fallen 81% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCLH at https://www.zacks.com/ap/NCLH