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Key Takeaways
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Viking Holdings shares dropped Tuesday as executives warned of macroeconomic "uncertainties" on the cruise operator's fourth-quarter earnings call.
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The company reported solid fourth-quarter results, with earnings that topped analysts' forecasts.
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Viking shares were down over 5% in recent trading, but up nearly 70% from the company's initial public offering price last spring.
Viking Holdings (VIK) shares sank Tuesday as executives warned of macroeconomic "uncertainties" on the cruise operator's fourth-quarter earnings call.
After a record month in January for booking revenue, "we are seeing that February is a little bit slower," Viking CFO Leah Talactac said on the call, according to a transcript provided by AlphaSense. "This is probably a reflection of the uncertainties in the world."
Viking's Q4 Earnings Topped Analysts' Expectations
Viking reported solid Q4 results, with revenue of $1.35 billion, in line with Visible Alpha estimates. Its adjusted earnings per share (EPS) of 45 cents surpassed expectations. As of Feb. 23, the company had recorded $5.3 billion in advance bookings year-to-date for 2025, up 26% year-over-year.
"These are very good trends for 2025," Viking CEO Tor Hagen said on the call. "I will highlight that depending on the market conditions we might not want to be booked too far out as we look to optimize pricing."
Viking shares were down more than 5% to $40.54 in recent trading, but up nearly 70% from the company's initial public offering price of $24 last spring.
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