Norwegian Cruise Line Posts Profit In Q1, Tops View - Quick Facts

(RTTNews) - Norwegian Cruise Line Holdings Ltd. (NCLH) has earned first-quarter 2014 net income attributable to the company of $51.27 million, versus a loss of $96.4 million last year. For the recent quarter, the firm reported adjusted net income of $49.6 million, or $0.23 per share.

Total revenue for the three-month period was $664.03 million, up 26%, compared with $527.63 million a year ago, driven by new capacity and higher net yield.

On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.22, on revenue of $683.28 million for the quarter. Analysts' estimates typically exclude one-time items.

Additionally, the firm announced the authorization by its board of a three-year, $500 million share repurchase program.