Norwegian Cruise Line Holdings Ltd. said its third-quarter normalized net income was 73 cents per share, compared with the S&P Capital IQ consensus estimate of $1.34 per share.
EPS rose 9.3% year over year from 67 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $168.5 million, an increase of 20.7% from $139.6 million in the prior-year period.
The normalized profit margin fell to 13.1% from 15.4% in the year-earlier period.
Total revenue grew 41.7% year over year to $1.28 billion from $907.0 million, and total operating expenses rose 48.0% from the prior-year period to $963.8 million from $651.1 million.
Reported net income increased 24.1% year over year to $251.0 million, or $1.09 per share, from $202.3 million, or 97 cents per share.