- Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) reported first-quarter FY23 sales of $1.82 billion, beating the analyst consensus of $1.75 billion. The company’s revenue increased from $521.9 million in the first quarter of 2022 due to the phased ramp up of cruise voyages.
- Total cruise operating expenses were $1.28 billion versus $735 million last year.
- The company reported an operating income of $10.7 million with an operating margin of 0.6% versus a loss of $(688.7) million last year.
- Occupancy percentage for the quarter was 101.5%. The company held $700.6 million in cash and equivalents as of March 31, 2023.
- Net cash provided by operating activities for the quarter totaled $503.3 million.
- Adjusted EPS loss of $(0.30) beat the consensus of $(0.40).
- Adjusted EBITDA for the quarter was $234.2 million.
- As previously announced, Frank J. Del Rio is retiring and stepping down from his position as the company’s President and Chief Executive Officer, and from its Board of Directors, effective June 30, 2023.
- Harry J. Sommer will succeed Del Rio and join the Board of Directors, effective July 1, 2023.
- Outlook: NCLH expects adjusted EPS of about $0.75 for FY23 (consensus $0.75) against the prior view of $0.70 and $0.25 (consensus $0.28) for Q2.
- It expects occupancy of 103.5% for FY23 and 105% for Q2.
- Price Action: NCLH shares are trading higher by 4.79% at $13.99 on the last check Monday.
Turtle Beach Q2 Adj. EPS $(0.77) Misses $(0.47) Estimate, Sales $41.30M Miss $49.20M Estimate
Turtle Beach (NASDAQ:HEAR) reported quarterly losses of $(0.77) per share which missed the analyst consensus estimate of $(0.47) by 63.83 percent. This is a 650 percent decrease over earnings of $0.14 per share from the
