Norwegian Cruise Line Holdings Reports First Quarter 2020 Financial Results
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Norwegian Cruise Line (NCLH) Misses Q1 EPS by 68c, Revenues Beat
May 14, 2020 7:02 AM EDTNorwegian Cruise Line (NYSE: NCLH) reported Q1 EPS of ($0.99), $0.68 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.18 billion.
In recent weeks, we have taken decisive action to significantly strengthen our financial position in response to the COVID-19 global pandemic, including our highly successful and oversubscribed $2.4 billion gross simultaneous quad-tranche capital raise announced last week. We believe this capital raise, coupled with other ongoing liquidity-enhancing initiatives, makes us well-positioned to weather an unlikely scenario of over 18 months of suspended voyages, said Frank Del... More
