SeaWorld Entertainment Slips To Loss In Q2; Cuts FY13 Revenue Outlook

(RTTNews) - SeaWorld Entertainment Inc. (SEAS), Tuesday reported second-quarter net loss of $15.9 million, or $0.18 per share, compared to net income of $39.1 million or $0.47 per share in the comparable quarter last year.

Adjusted net income for the latest second quarter was $36.5 million or $0.41 per share.

Total revenue for the latest second quarter declined 3 percent to $411.29 million from $425.88 million last year. The decrease in total revenue in the second quarter of 2013 was driven by lower attendance partially offset by a 7% increase in total revenue per capita from $58.75 in the second quarter of 2012 to $62.67 in the second quarter of 2013.

On average, analysts polled by Thomson Reuters expected the company to earn $0.51 per share on revenue of $434.50 million for the second quarter.

For the full year of 2013, the company expects to generate revenue in the range of $1.45 billion to $1.48 billion, down from its previous range of $1.46 billion to $1.49 billion.