The Motley Fool fool.com 01 Aug, 2022 18:00 am

Why Lindblad Expeditions Stock Dropped on Monday

Why Lindblad Expeditions Stock Dropped on Monday
The expedition cruise operator is pacing toward a record year in 2023.

By John Ballard - Aug 1, 2022 at 1:21PM Key Points Motley Fool Issues Rare “All In” Buy Alert What happened Shares of Lindblad Expeditions Holdings (LIND -7.Stocks Mentioned Related Articles Our Most Popular Articles Invest better with The Motley Fool.Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.The higher demand for expeditions lifted the bottom-line performance, with the company's net loss narrowing to $30 million compared to a loss of $36 million in the year-ago quarter.

Now what The higher demand amid a relatively weakened economy reflects the long-term opportunity in the type of exploration and adventure experiences that Lindblad offers.Analysts currently anticipate Lindblad to finish 2022 with $349 million in revenue, an increase of 137% over last year, before growing another 34% next year.

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