Norwegian shares surge 13% on earnings beat, guidance raise

What happened: Norwegian shares rose 13% after the company beat earnings expectations and raised its guidance. The company said bookings had improved modestly but remain below its optimal range. Key numbers: Shares up 13%. Why it matters: The earnings beat and guidance raise drove the sharp share move, while the booking commentary indicates demand is still below the company's optimal range. Coverage: 7 outlets in 24h

Norwegian shares rose 13% after the company beat earnings expectations and raised its guidance. The company said bookings had improved modestly but remain below its optimal range.

The earnings beat and guidance raise drove the sharp share move, while the booking commentary indicates demand is still below the company's optimal range.