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 story : SeaWorld posts narrower-than-expected Q1 loss as revenue tops estimates #FinanceUSA #StockMarketNEWS SeaWorld Entertainment Inc. said Thursday it had net loss of .9 million, or 57 cents a share,

@stockMarketNEWS Thu 06 May, 2021

Posted in: #FinanceUSA #StockMarketNEWS

SeaWorld posts narrower-than-expected Q1 loss as revenue tops estimates #FinanceUSA #StockMarketNEWS
SeaWorld Entertainment Inc. said Thursday it had net loss of .9 million, or 57 cents a share, in the first quarter, narrower than the loss of .5 million, or 72 cents a share, posted in the year-earlier quarter. Revenue rose to 1.9 million from 3.6 million. The FactSet consensus was for a loss of 78 cents and revenue of 1.0 million. The theme park operator said the revenue number was down 21.2% from the first quarter of 2019, before the coronavirus pandemic shuttered parks. Total revenue per capital rose 17.2% to .63 from the first quarter of 2020. As of March 31, SeaWorld had about 1 million of cash and about 2 million available on a revolving credit facility. Ten of its 12 parks were open with capacity limitations. "Attendance trends have improved relative to 2019 during the first quarter of 2021, which included a slight benefit from an earlier Easter/Spring Break period when compared to the first quarter of 2019," Chief Executive Marc Swanson said in a statement. "We are encouraged by our guests desire to visit and spend at our parks and believe this is a good indicator for expected demand during our peak summer season." Shares were not active premarket but have gained 68% in the year to date, while the S&P 500 has gained 11%.


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