Norwegian Cruise Lines Holding saw its shares rocket to a 52-week high after the cruiseship owner reported better-than-expected earnings and raised its outlook for the year.
The Miami company's shares jumped to a high of $61.48 after the earnings beat, marking an 8.5% increase.
The price has since lost some of its ground but was still at a 6.9% gain in midday trading, when the shares were worth $60.53.
Norwegian's Nasdaq-listed shares haven't traded above $60 apiece since November of 2015.
The movements were fuelled by an earnings beat that saw the company post $198m in net income and $1.02 in earnings per share, well ahead of the $0.85 in EPS predicted by analysts.
The company also added $0.14 to its 2017 EPS guidance, which now stands at between $3.93 and $4.03.
"In the second quarter of 2017, the stars aligned just right," said chief executive Frank Del Rio during a conference call. "The booking environment was as strong as any we've witnessed in recent history."
The share price spike put the company's market capitalisation briefly above $14bn, with $880m in value added at the day's peak.
Earnings snapshot
| Q2 2017 | Q2 2016 | |
| Revenue | $1,344,103,000 | $1,186,835,000 |
| Cruise operating expenses | $752,242,000 | $705,900,000 |
| Operating income | $275,071,000 | $227,018,000 |
| Net income | $198,473,000 | $145,246,000 |
| Adjusted EPS | $1.02 | $0.85 |
