Norwegian Cruise Line Holdings (NYSE: NCLH) stock collapsed in afternoon trading Wednesday, falling 15% through 1:35 p.m. ET despite beating Wall Street analyst earnings targets earlier in the morning.

Heading into its first-quarter 2024 report, analysts had forecast Norwegian would earn $0.11 per share (adjusted for one-time items) on sales of just over $2.2 billion. Norwegian came close to the revenue target but didn't quite hit it, although its adjusted profit was $0.16 per share. Furthermore, management raised its guidance for the full year.

But apparently, it didn't raise it enough.

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Source Fool.com