Norwegian Sky, a 77,104 GT Sun-class cruise ship owned and operated by Norwegian Cruise Line, sails the Tagus River after departure from the cruise terminal on Sept. 2, 2025, in Lisbon, Portugal.

Horacio Villalobos | Corbis News | Getty Images

Shares of Norwegian Cruise Line Holdings surged 13% Thursday after the company posted better-than-expected third-quarter earnings and raised its outlook for the full year.

The cruise line reported third-quarter revenue of $2.95 billion, topping Wall Street expectations of $2.88 billion, according to analyst estimates from LSEG.

Net income for the period was $491 million, or $1.07 per share.

Adjusted earnings before interest, taxes, depreciation and amortization was $937 million, which exceeded Norwegian's previous guidance of $874 million.…