11:32 AM EDT, 05/20/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Norwegian Cruise Line ( NCLH ) shares rose 7.8% in recent trading after the company said Monday that it's increasing its full-year 2024 adjusted earnings per share guidance to $1.42 from $1.32 due to "strong demand and an improved outlook for the year."

Analysts polled by Capital IQ expect $1.33.

The company, which is holding its investor day on Monday, said it's launching a strategy which includes three-year financial and sustainability targets to improve shareholder returns.

As part of those targets, the company said it expects adjusted EPS by the end of 2026 of about $2.45, which would represent a two-year compound annual growth rate from 2024 to 2026 of more than 30%.

Price: 16.97, Change: +1.22, Percent Change: +7.75