Lindblad Expeditions Holdings Shares Rise After Boosting FY26 Tour Revenue Outlook

Dow Jones08-03 22:37

Shares of Lindblad Expeditions Holdings rose after the travel-and-cruise company raised its fiscal 2026 tour revenue outlook as it narrowed its second-quarter loss and increased its revenue double-digits.

The stock was up more than 14% to $33.83 in recent trading, and more than doubled since the start of the year.

Lindblad posted a loss of $1.41 million, or two cents a share, compared with a loss of $9.74 million, or 18 cents a share, a year earlier.

Revenue increased 19% to $199.2 million. Analysts polled by FactSet expected $185.9 million.

Chief Executive Natalya Leahy said Lindblad's second-quarter results reflect its ability to deliver long-term growth.

The company raised its fiscal 2026 tour revenue outlook to between $830 million and $860 million from between $800 million and $850 million.

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