SeaWorld Reports Second-Quarter Loss of 131 Million
ORLANDO, Fla. (AP) SeaWorld Entertainment Inc. on Monday reported a second-quarter loss of $131 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Orlando, Florida-based company said it had a loss of $1.68. The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.08 per share. The theme park operator posted revenue of $18 million in the period. SeaWorld shares have declined 47% since the beginning of the year. The stock has decreased 47% in the last 12 months.