This is what I found on MARKETWATCH.COM:
Norwegian Cruise Line Holdings Ltd. provided Friday an update on the estimated impact of the Trump administration’s ban on cruises to Cuba, indicating it could reduce projected 2019 earnings per share by up to about 8%.
The company said the “extremely abbreviated timeframe” to modify itineraries to comply with the new travel restrictions has exacerbated the impact on earnings estimates.
“The modification of these itineraries, the substantial discounts offered to guests for them to remain on their booked cruise, the accommodation of cancellations and changes to reservations, incremental marketing investment to support the compressed sales cycle for the modified voyages, along with the protection of travel agent commissions will result in an estimated impact to adjusted EPS for full year 2019 of approximately $0.35 to $0.45.,” the company said in a statement.
The FactSet consensus for 2019 adjusted EPS was $5.49. The stock, which is still inactive in premarket trade, has lost 5.0% over the past three months, while the S&P 500 has gained 3.4%.
Information provided by MARKETWATCH.COM.
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