SeaWorld’s stock soars 10% premarket after Q1 results

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SeaWorld loss widens, revenue beats expectations as visitors spend more

SeaWorld Entertainment Inc. reported Tuesday a fourth-quarter net loss that widened to $20.4 million, or 24 cents a share, from $11.9 million, or 14 cents a share, in the same period a year ago. The FactSet consensus for per-share losses was 19 cents. Revenue slipped 0.8% to $265.5 million, but topped the FactSet consensus of $259.0 million. Attendance declined 2.7% to 4.3 million, in line with the FactSet consensus, but total revenue per capita rose 2.0% to $62.3 million, beating expectations of $60.9 million. In-park per capita spending, which includes food and merchandise, grew 2.9% to $24.75 million. “Looking ahead to 2018 we are excited to see positive trends,” said Interim Chief Executive John Reilly. “Year-to-date attendance and season pass sales to date have increased year-over-year, led by our SeaWorld San Diego park which is rebounding from a difficult 2017.” The stock, which was still inactive in premarket trade, has soared 45.9% over the past three months, while the S&P 500 has gained 6.9%.

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