Norwegian Cruise Line Holdings Ltd. said its normalized net income for the second quarter amounted to 38 cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.
EPS increased 13.4% year over year from 34 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $88.2 million, a gain of 24.1% from $71.1 million in the prior-year period.
The normalized profit margin declined to 8.1% from 9.3% in the year-earlier period.
Total revenue grew 41.7% on an annual basis to $1.09 billion from $765.9 million, and total operating expenses increased 43.9% on an annual basis to $888.2 million from $617.3 million.
Reported net income increased 39.8% from the prior-year period to $158.9 million, or 69 cents per share, from $113.7 million, or 54 cents per share.