Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



SeaWorld First-Half Loss Nearly 10 Times Last Year's Level

Shares of Orlando, Fla.-based SeaWorld Entertainment (NYSE: SEAS  ) were off nearly 5% in early Wednesday trading, following an earnings report last night in which SeaWorld reported a Q2 loss and a decline in attendance at its theme parks.

Despite reporting record revenue for the first half of 2013, and reaffirming guidance for the rest of the year ($430 million to $440 million in pro forma EBITDA earnings on more than $1.45 billion in revenue), SeaWorld disappointed investors when it reported that its first-half loss this year  amounted to $0.66 per diluted share, nearly 10 times last year's $0.07-cent-per-share H1 loss.

Also making investors nervous, the company announced that H1 attendance at its theme parks declined 6% in comparison to H1 2012. SeaWorld attributed "the most significant portion of the decline" to an increase in the price of admission charged this year. The 10% increase in ticket prices depressed attendance, but boosted revenue, with the net effect that revenues in H1 increased 2% in comparison to last year.

The company went public in April at $27 per share and as of this writing is trading at $35.35. The company also declared a cash dividend of $0.20 per share.

-- Material from The Associated Press was used in this report.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2594898, ~/Articles/ArticleHandler.aspx, 12/1/2015 4:29:51 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated 6 hours ago Sponsored by:
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASD 5,108.67 -18.86 -0.37%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes