SeaWorld re­ports 2Q loss of $176 mil­lion

Austin American-Statesman - - BUSINESS -

SeaWorld En­ter­tain­ment Inc. on Tues­day re­ported a sec­ond-quar­ter loss of $175.9 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 $2.05. Earn­ings, ad­justed for as­set im­pair­ment costs, were $1.09 per share.

The re­sults topped Wall Street ex­pec­ta­tions. The av­er­age es­ti­mate of nine an­a­lysts sur­veyed by Zacks In­vest­ment Re­search was for earn­ings of 31 cents per share.

The theme park op­er­a­tor posted rev­enue of $373.8 mil­lion in the pe­riod, miss­ing Street fore­casts. Eight an­a­lysts sur­veyed by Zacks ex­pected $398.4 mil­lion.

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