Shares in Norwegian Cruise Line Holdings, Ltd (NCLH), the world’s third largest cruise shipping group, opened a fraction higher on Wednesday morning following a loss of almost 12% on the previous day.

In early trading on Nasdaq in New York on Wednesday, NCLH shares traded at around $38.00, about 0.2% higher from the opening.

On Tuesday, they closed 11.8% down on the day at $37.66 after NCLH had trimmed its earnings forecasts for the rest of the year and abandoned a goal to reach earnings per share of $5.00 in 2017.