AMCV Q1 Earnings 1997

American Classic Voyages (AMCV) has reported a net loss for the first quarter ended March 31, 1997, of $2.0 million, or $0.14 per share, on revenues of $40.4 million, compared to a net loss of $43.3 million, or $3.14 per share, on revenues of $41.6 million for the same quarter last year. The net loss in the first quarter of 1996 included a write-down of $38.4 million related to the retirement of the Constitution. Excluding the write-down the net loss would have been $4.9 million for the first quarter of 1996.

“The company’s results are in line with our expectations for the first quarter,” said Philip Calian, AMCV’s executive officer. “Our operating loss for this period, historically our weakest quarter, is the smallest it has been for the past four years and represents a continuation of our 1996 positive earnings trend.”

At press time AMCV traded for $9 7/8 compared to a 52-week high/low of $13 5/8 – $6 1/2. 

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

67 Ships | 172,156 Berths | $57.1 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Instant Access
  • Order Today