Headwinds for cruise companies on Wall Street

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Headwinds for cruise companies on Wall Street
Photo: Joerg Sarbach/AP/TT

Several of the major cruise lines had a very tough day on the New York Stock Exchange.

Shares in Norwegian Cruise Line plunged 15.3 percent on Tuesday, the biggest drop in a single trading day since the great stock market turmoil in April, when the stock lost 16.4 percent in one day.

The decline comes after the company reported third-quarter revenue of $2.94 billion, which fell short of the $3.02 billion analysts had expected on average.

Industry peers Royal Caribbean and Carnival were also dragged down by the fall, closing at minus 7.4 and 9.1 percent, respectively.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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