Shares of Norwegian Cruise Line Holdings Ltd. NCLH dropped 6.6% in premarket trading Tuesday, after the cruise operator reported a wider-than-expected loss, while revenue rose above forecasts. Net losses narrowed to $482.5 million, or $1.14 a share, from $1.57 billion, or $4.01 a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss narrowed to $1.04 from $1.95 but missed the FactSet loss consensus of 86 cents. Revenue more than tripled to $1.52 billion from $487.4 million, and was above the FactSet consensus of $1.50 billion. Fourth-quarter occupancy was 87%, and is expected to average about 100% for the first quarter. For 2023, the company expects net per diem, or adjusted gross margin divided by passenger cruise days, to be 8.75% to 10.25% above 2019 levels, compared with 2022 net per diem of $269.80, which was up 12.6% from 2019. The stock has gained 3.7% over the past three months through Monday while the S&P 500 SPX has edged up 0.5%.
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