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 $0.11 per share (adjusted for one-time items) on sales of just over $2.2 billion. Norwegian ...