SeaWorld: 1Q Earnings Snapshot
SeaWorld: 1Q Earnings Snapshot
FILE - In this Jan. 31, 2017 file photo, the entrance to Sea World is seen, in Orlando, Fla. SeaWorld reports financial results on Tuesday, May 7, 2019. (AP Photo/John Raoux, File)
·Associated PressORLANDO, Fla. (AP) -- SeaWorld Entertainment Inc. (SEAS) on Tuesday reported a loss of $37 million in its first quarter.
The Orlando, Florida-based company said it had a loss of 44 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 62 cents per share.
The theme park operator posted revenue of $220.6 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $215.7 million.
SeaWorld shares have increased 19% since the beginning of the year. The stock has climbed 64% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEAS at https://www.zacks.com/ap/SEAS
