Why Norwegian Cruise Line Holdings Stock Rose 5% After Earnings
Cruise line operator Norwegian Cruise Line Holdings (NYSE: NCLH) reported its Q2 2020 financial results this morning. The news was not good, but the stock jumped 5% out of the gate, and remained up a solid 3.4% at 1:10 p.m. EDT on Thursday.
Image source: Getty Images.
Confined to port by order of the Centers for Disease Control and Prevention (CDC), Norwegian says it probably won't be sailing anywhere before Oct. 31. So analysts weren't expecting the company to report a whole lot of revenue today, or even any profits.
Source Fool.com
