SeaWorld Entertainment Posts Higher Q3 Profit

(RTTNews) - SeaWorld Entertainment, Inc. (SEAS) reported net income for the third quarter of $120.2 million, or $1.33 per share, compared to $92.3 million, or $1.11 per share, for the year-ago quarter.

Revenue for the third quarter grew 3% to $538.39 million from $522.26 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.21 per share on revenue of $544.02 million for the third quarter.

For the full year of 2013, the company narrowed its previously provided revenue guidance to be in the range of $1.452 billion to $1.462 billion and increased guidance for Adjusted EBITDA in the range of $432 million to $442 million. Analysts currently expect the company to post revenue of $1.47 billion for the full year 2013.