Norwegian Cruise Line Shares Tank on Weaker Guidance

Shares of Norwegian Cruise Line (NCLH) - Get Report and Royal Caribbean Cruises (RCL) - Get Report were down in Tuesday's session. The trading follows the announcement that Norwegian dropped its earnings guidance for the year due to less-than-expected cruise vacations from the U.S. to Europe, after industry turbulence prompted by Brexit. CEO Frank Del Rio also noted Zika virus fears could be putting negative pressure on Miami and South American travel. The news coincided with Norwegian's second-quarter earnings report, in which the company said it sales for the quarter clocked in at $1.19 billion, or three percent below analyst forecasts.

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