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Cruise Operator Viking’s Stock Falls as Executives Warn of Slower Bookings
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Key Points
- Viking Holdings shares fell Tuesday as executives warned cruise operators of macroeconomic “uncertainty” on their fourth-quarter earnings call.
- The company reported steady fourth-quarter results, with revenue exceeding analyst forecasts.
- Viking shares have fallen more than 5% in recent deals, but are up nearly 70% from the IPO price last spring.
Viking owns (Vick) Stocks sank on Tuesday, as executives warned cruise operators of macroeconomic “uncertainty” on their fourth-quarter earnings call.
After a record month of booking revenue in January, “we’re seeing February a little slower” CFO Leah Talactac said during the call, based on transcripts provided by Alphaense. “This may reflect uncertainty in the world.”
Viking’s fourth-quarter revenue exceeded analyst expectations
The Vikings reported stable Q4 results with revenue of $1.35 billion, meeting visible Alpha estimates. It’s adjusted Earnings per share (EPS) 45 cents exceeded expectations. As of February 23, the company’s bookings for 2025-to-date were US$5.3 billion, a year-on-year increase of 26%.
“These are very good trends for 2025,” Viking CEO Tor Hagen said on the phone. “I will stress that we may not want to book too far depending on the market conditions we want to optimize pricing.”
Viking shares fell more than 5% to $40.54 in recent deals, but rose nearly 70% from the company’s stock IPO The price last spring was $24.
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