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U.S. markets were trading evenly Tuesday, with the S&P 500 and Dow Jones Industrials each roughly unchanged, as crude oil fell about 1% to $47.21 a barrel, based on U.S. benchmark West Texas Intermediate.
Meanwhile, shares of Miami-based cruise-ship companies Norwegian Cruise Line (NCLH) and Royal Caribbean Cruises (RCL) were down about 10% and 7%, respectively, in midday trading as Norwegian dropped its earnings guidance for the year due to less-than-expected cruise vacations from the U.S. to Europe, after industry turbulence prompted by the U.K.'s vote to leave the European Union in June's Brexit referendum. CEO Frank Del Rio also noted Zika virus fears could be putting negative pressure on Miami and South American travel.
The new's coincided with Norwegian's second-quarter earnings report, in which the company said it sales for the quarter clocked in at $1.19 billion, or 3% below analyst forecasts.
"It was a challenging booking environment where we remained mindful of our go to market strategy to minimize discounting and maintain our hard-fought pricing gains, resulting in lower occupancy, which in turn lowered onboard revenue and overall net yield growth compared to our expectations earlier in the year," Del Rio, said in a statement.
Meanwhile, Endo International (ENDP) shares were up 21% after the specialty-healthcare firm booked better-than-expected second-quarter earnings, with EPS of $0.86 topping consensus estimates by 16%, and sales of $921 million roughly 7% above forecasts.
Satellite-TV provider DISH Network's (DISH) shares were up about up 2% in afternoon trading, after analysts with Macquarie raised the stock's rating to Outperform from Neutral in a Tuesday research report.
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