Norwegian Cruise Line cuts fiscal 2026 adjusted EPS outlook to $1.45–$1.79; shares fall 8.6% on May 4

Norwegian Cruise Line (NCLH) sharply lowered its fiscal 2026 adjusted EPS guidance to $1.45–$1.79 on May 4, citing Middle East tensions that lifted expected annual fuel costs to $782 per metric ton. The company also pointed to softer demand for European itineraries and execution missteps that led to shorter Caribbean sailings and bookings below expectations. Although Q1 EPS of $0.23 beat forecasts, revenue of $2.33 billion missed estimates. The stock fell 8.6% on the day and is down 8.7% year to date, significantly trailing the S&P 500.