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SeaWorld Reports Second-Quarter Loss of 131 Million

by The Associated Press (AP)

Photo: NeONBRAND @neonbrand

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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.


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