SeaWorld reports surprise loss, but revenue rises above expectations [MarketWatch]
SeaWorld Entertainment, Inc. (SEAS)
Last seaworld entertainment, inc. earnings: 2/26 06:30 am
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Source: MarketWatch
SeaWorld reports surprise loss, but revenue rises above expectations SeaWorld Entertainment Inc. SEAS, -8.82% reported Wednesday a surprise wider fourth-quarter loss, which included a legal settlement charge, while revenue and admission per capita rose more than expected. The theme park operator's stock was still inactive in premarket trading. The net loss widened to $24.2 million, or 31 cents a share, including a settlement charts of $32.1 million, from $11.1 million, or 13 cents a share, from the year-ago period. The FactSet consensus was for net earnings per share of 3 cents. Revenue grew 6.4% to $298.0 million, to top the FactSet consensus of $289.0 million, as admission per capita rose 6.9% to $37.89 to beat expectations of $33.10. Attendance increased 2.2% to 4.7 million guests while total revenue per capita grew 4.2% to $63.42, beating expectations of $61.80. Chief Executive Serge Rivera said he was confident that the high end of the 2020 target of $475 million to $500 milli
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