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MIAMI (AP) — MIAMI (AP) — Norwegian Cruise Line Holdings Ltd. (NCLH) on Tuesday reported a loss of $482.5 million in its fourth quarter.
The Miami-based company said it had a loss of $1.14 per share. Losses, adjusted for stock option expense and restructuring costs, came to $1.04 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 89 cents per share.
The cruise operator posted revenue of $1.52 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $1.5 billion.
For the year, the company reported that its loss narrowed to $2.27 billion, or $5.41 per share. Revenue was reported as $4.84 billion.
For the current quarter ending in March, Norwegian Cruise Line expects its per-share loss to be 45 cents.
The company expects full-year earnings to be 70 cents per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a NCLH">Zacks stock report on NCLH at https://www.zacks.com/ap/NCLH