Revenue Update on Norwegian Cruise Line Holdings Ltd(NASDAQ:NCLH)

Norwegian Cruise Line Holdings Ltd(NASDAQ:NCLH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $1.19B. Analysts estimated a revenue of $1.22B. Earnings per share were $0.85. Analysts had estimated an EPS of $0.84.

In a different note, Sterne Agee CRT said it Initiates Coverage on Norwegian Cruise Line Holdings Ltd, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Buy’ by the firm.

Norwegian Cruise Line Holdings Ltd (NCLH) made into the market gainers list on Wednesdays trading session with the shares advancing 2.74% or 1.03 points. Due to strong positive momentum, the stock ended at $38.66, which is also near the day’s high of $38.66. The stock began the session at $37.8 and the volume stood at 21,43,322 shares. The 52-week high of the shares is $64.27 and the 52 week low is $37.01. The company has a current market capitalization of $8,780 M and it has 22,71,14,540 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, Daniel S Farkas (SVP Gen. Counsel & Asst. Sec’y) sold 39,070 shares at $47.58 per share price.Also, On Dec 7, 2015, Robert Binder (Vice Chairman, Regent&Oceania) sold 31,424 shares at $58.28 per share price.On Dec 4, 2015, Chad A Leat (director) purchased 5,000 shares at $58.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Norwegian Cruise Line Holdings Ltd. is a diversified cruise operator. The Company operates cruise lines under the Norwegian Oceania and Regent brands. Norwegian offers cruises ranging in length from one day to three weeks. Each of Norwegian’s 13 ships has been built to consistently deliver the Freestyle Cruising product offering. Freestyle Cruising offers flexibility and choice to its guests who prefer to dine when they want with whomever they want and without having to dress formally. Oceania operates a fleet of five mid-size ships in the upper-premium cruise segment offering personalized service and elegant accommodations. Regent offers a luxury all-inclusive cruise vacation experience including free air transportation a pre-cruise hotel night stay wines and liquors gratuities and unlimited shore excursions.

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