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Seaworld (SEAS) Stock Dives on Earnings Miss

SEAS shares were down 8% Thursday morning

Seaworld (SEAS) stock took a dive on Thursday following the company’s Q3 earnings report.

seaworld-seasSeaworld reported earnings per share of $1.14 for the third quarter of 2015. This is an increase when compared to the $1 per share that it reported during Q3 2014. However, it failed to meet Wall Street’s estimates for the company, which were set at $1.18 per share.

Seaworld’s reported revenue for Q3 2015 comes in at $496.94 million. This is a slight increase over the $495.83 that it reported during the third quarter of 2014. Unfortunatley for SEAS stock, analysts were estimating that the company would pull in $509.46 million this quarter.

Seaworld also updated its guidance for 2015 in its Q3 earnings report. The company is now expecting Adjusted EBITDA to be between $360 million to $370 million. It’s estimating that capital expenditures will range from $165 million to $175 million in 2015.

SEAS stock was down 8% as of Thursday morning.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/11/seaworld-seas/.

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