SeaWorld Entertainment reports EPS in-line, misses on revs :
- Reports Q2 (Jun) earnings of $0.21 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.21; revenues fell 5.2% year/year to $371.1 mln vs the $375.16 mln Capital IQ Consensus.
- Second quarter attendance was down 494,000 guests due to a decline in attendance at the company's Florida park locations along with a shift in the timing of holidays in 2016, which impacted nearly all of its park locations. Outside of the calendar shifts, Florida attendance decreased primarily due to a decline in Latin American attendance, softness in the Orlando market, and the adverse impact of Tropical Storm Colin.
- Co expects 2016 EBITDA to be in the range of $310-340 mln.
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