Norwegian Cruise Line Reports Q2 Loss, Hikes FY13 Earnings View

(RTTNews) - Norwegian Cruise Line Holdings Ltd. (NCLH), Monday reported a loss for the second quarter, reflecting higher interest expenses from the refinancing of certain credit facilities and the redemption of the remaining balance of its senior unsecured notes. The company provided guidance for the third quarter and raised its earnings guidance for full year 2013.

Net loss attributable to Norwegian Cruise Line Holdings Ltd was $8.84 million or $0.04 loss per share, compared with a net profit of $36.03 million or $0.20 per share last year. On an adjusted basis, the company reported net profit of $60.2 million and earnings per share of $0.29 for the second quarter.

On average, nine analysts polled by Thomson Reuters expected earnings per share of $0.27 for the quarter. Analysts' estimates typically exclude one-time items. Revenues for the three-month period increased to $644.4 million, from prior year's $583.2 million. Analysts expected the company to generate revenues of $659.17 million for the June quarter.

For the third quarter, the company expects adjusted earnings to be in the range of $0.80 per share to $0.85 per share. Analysts expect the company to report earnings of $0.84 for the quarter.

For the full-year, the company now expects earnings per share to be in the range of $1.30 to $1.40 per share, up from previously announced $1.20 to $1.40 per share. Analysts, on average, expect the company to report earnings of $1.35 per share for the year.