Why Norwegian Cruise Line Stock Jumped Today

Norwegian Cruise Line (NCLH) stock surged 13.45% after reporting Q3 earnings that beat Wall Street expectations with adjusted net income of $514 million ($1.12 per share vs. $0.93 expected). The company improved operating efficiency despite rising fuel costs, benefited from increased last-minute bookings and higher onboard spending, and raised full-year guidance to $1.70 per share from $1.50. Management is using profits and asset sales to strengthen the balance sheet by paying down debt.