Why Norwegian Cruise Line Holdings Stock Crashed 15% Today
NCLHNorwegian Cruise Line(NCLH) The Motley Fool·2024-05-02 04:36

Norwegian's stellar earnings report and investors' perverse reaction to it illustrate the dangers of having a too- high stock price. Norwegian Cruise Line Holdings (NCLH -15.01%) stock collapsed in afternoon trading Wednesday, falling 15% through 1:35 p.m. ET despite beating Wall Street analyst earnings targets earlier in the morning. Heading into its first-quarter 2024 report, analysts had forecast Norwegian would earn 0.11pershare(adjustedforonetimeitems)onsalesofjustover0.11 per share (adjusted for one-time items) on sales of just over 2.2 billion. Norweg ...