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NORWEGIAN CRUISE LINE (NYSE: NCLH) DOWNGRADES ITS ANNUAL PROFIT FORECAST

  • Annual profit forecast lowered by about $0.35 to $0.45 per share
  • Trump’s ban on cruises to Cuba, a significant factor behind the forecast downgrade

Norwegian Cruise Line (NYSE: NCLH), the third-largest cruise line in the world, lowered its 2019 annual profit forecast by about $0.35 to $0.45 per share. The forecast was downgraded mainly due to Trump’s ban on cruises to Cuba, pushing cruise lines to alter their itineraries and offer discounts.

Previously, the company expected a profit of $5.40 to $5.50 per share, while the market was expecting a profit of $5.48 per share.