Barclays says Norwegian Cruise Line (NCLH) reported a Q1 EBITDA beat, “soft” Q2 guidance, and 50 basis point yield guidance cut to fiscal 2025 on softer forward bookings. The company’s reaffirmed fiscal 2025 EBITDA and earnings outlook is a positive, the analyst tells investors in a research note. Barclays says the earnings report is “obviously not as strong” as Royal Caribbean’s (RCL) yesterday, but more or less in-line with expectations. It has an Overweight rating on Norwegian shares.