Investing.com -- Shares of Norwegian Cruise Line (NYSE: NYSE:NCLH) rose around 1.8% premarket Thursday after the company reported its latest quarterly earnings, topping consensus expectations.
The cruise line firm reported Q3 EPS of $0.99, $0.05 better than the analyst estimate of $0.94, while revenue for the quarter came in at $2.81 billion, up 11% year-on-year and above the consensus estimate of $2.77 billion. Revenue was also a record for the the third quarter.
NCLH said the company's sustained focus on margin enhancement drove another quarter of improvement in operating costs.
"Our exceptional third-quarter results, with record revenue, net income and Adjusted EBITDA, surpassed guidance across all key metrics, underscoring the strength of our business, the attractiveness of our product offering across all brands and the superior execution and delivery by our teams both shoreside and shipboard," said Harry Sommer, President and chief executive officer of Norwegian Cruise Line Holdings.
Sommer also noted that the quarter was boosted by robust demand and the company's "relentless focus on cost control and margin enhancement."
As a result, NCLH lifted its full-year guidance for a fourth time and expects 2024 to be its best year for revenue, net yield growth and adjusted EBITDA.
2024 full-year adjusted EBITDA guidance was increased by $75 million from the prior guidance to approximately $2.425 billion from $2.350 billion, while adjusted EPS guidance was raised approximately 8%, or $0.12 to $1.65 from $1.53.