SeaWorld misses 3Q profit forecasts

Economic IndicatorsAssociated Press

SeaWorld Entertainment Inc. (SEAS) on Tuesday reported third-quarter net income of $65.7 million.

On a per-share basis, the Orlando, Florida-based company said it had profit of 77 cents.

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The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The theme park operator posted revenue of $485.3 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $482.7 million.

SeaWorld shares have fallen 28 percent since the beginning of the year. The stock has declined 22 percent 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

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Keywords: SeaWorld, Earnings Report

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