Norwegian Cruise Line shares stumble on lowered guidance
The cruise stocks hit a rough patch on Tuesday after Norwegian Cruise Line lowered its outlook.

The cruise operator said it now sees adjusted full-year earnings between $3.35 and $3.45, well below analyst expectations of $3.72, according to Thomson Reuters.

The stock ended the day down more than 11 percent. Shares of Carnival and Royal Caribbean Cruises fell 3 percent and 6 percent, respectively, in sympathy.



Frank Del Rio, president and CEO of Norwegian, cited four main reasons for revising its guidance, including "continued weak demand from our core North American consumer for European sailings at a time when half of our fleet is deployed in the region, including eight of our highest yielding ships."