Norwegian Cruise stock drops after downbeat full-year outlook

Shares of Norwegian Cruise Line Holdings Ltd.
NCLH,
-1.10%
dropped 4.0% in morning trading Thursday, after the cruise operator said it has yet to complete its fourth-quarter financial information, but also provided a downbeat full-year revenue outlook. The company said it expects 2021 revenue of $600 million to $650 million, below the current FactSet consensus of $721 million. The net loss is expected to widen to $4.4 billion to $4.6 billion from $4.0 billion in 2020, which compares with the FactSet net-loss consensus of $2.77 billion. The stock has dropped 14.8% over the past three months while the S&P 500
SPX,
-0.35%
has slipped 2.5%.