SeaWorld reports 2Q loss of $176 million
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.