SEAS Stock Is Drowning on Poor SeaWorld Attendance

The company's quarterly profit failed to meet expectations

   

SeaWorld (SEAS) parks have reported poor attendance, causing SEAS stock to plummet Wednesday afternoon.

SeaWorld185 SEAS Stock Is Drowning on Poor SeaWorld Attendance The company continues to report disappointing attendance numbers due to controversy surrounding its killer whales. The 2013 documentary Blackfish illustrated the captivity of killer whales and the dangers it poses to humans and the whales.

Attendance at SeaWorld’s 11 parks grew by a disappointing 0.3% and visitors spent less money last quarter. The company announced second-quarter earnings that failed to meet expectations with reported profit of 43 cents per share — significantly lower than the consensus estimate of 59 cents per share.

SeaWorld said that a delay in its Falcon’s Fury ride in Busch Gardens has also affected its attendance numbers.

SEAS stock is down about 34.3% Wednesday afternoon.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/08/seas-stock-seaworld/.

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