Stock Story -
What Happened?
Shares of cruise and exploration company Lindblad Expeditions (NASDAQ:LIND) jumped 25.1% in the afternoon session after the company reported third-quarter results that blew past analysts' sales and EPS expectations. Revenue was supported by the expansion of fleet and land experiences as the company reiterated its focus on delivering high-quality travel packages.On the other hand, its full-year revenue guidance was underwhelming, although this was offset by strong EBITDA guidance ahead of expectations. Overall, we think this was a solid quarter with some key areas of upside.
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What The Market Is Telling Us
Lindblad Expeditions’s shares are extremely volatile and have had 37 moves greater than 5% over the last year. But moves this big are rare even for Lindblad Expeditions and indicate this news significantly impacted the market’s perception of the business.Lindblad Expeditions is up 7.8% since the beginning of the year, and at $11.67 per share, has set a new 52-week high. Investors who bought $1,000 worth of Lindblad Expeditions’s shares 5 years ago would now be looking at an investment worth $771.83.