Norwegian Cruise Line Has a Lot to Prove This Week
These are dark days for the cruising industry, and Norwegian Cruise Line (NYSE: NCLH) will check in with brutal financial results shortly after Monday's market close. The bar is already low here. Royal Caribbean (NYSE: RCL) recently posted negative revenue -- yes, you read that right, reported revenue below zero -- and a huge $1.2 billion adjusted loss for the same three-month period.
Between Monday afternoon's third-quarter results and its subsequent earnings call on Tuesday morning, investors will get a good read on the state of the country's third-largest cruise line operator. Norwegian Cruise Line has a lot to prove this week, and with the stock entering this challenging period already trading 71% below where it was when the year began, let's not assume that this will be a bad stretch of days for its shareholders. A lot of the negativity is already priced into the stock. Norwegian Cruise Line just needs to convince the market that things will get better sooner rather than later.
Image source: Norwegian Cruise Line Holdings.
Source Fool.com
