Norwegian Cruise Line reports strong Q3 results and raises annual guidance

Norwegian Cruise Line Holdings Ltd reported strong third-quarter results, with sales rising 10.7% to $2.806 billion, surpassing expectations. Operating income increased by 32.1% to $691.21 million, and adjusted earnings per share improved to $0.99. Occupancy rates reached 108.1%, up from 106.1% last year. The company raised its annual guidance, projecting adjusted EBITDA to be $225 million higher than initially expected, reflecting a 30% year-over-year growth. For 2024, Norwegian Cruise Line expects adjusted EPS of about $1.65 and adjusted EBITDA of approximately $2.425 billion, both higher than previous estimates. Shares rose 8.2% to $25.80 following the announcement.