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Stock impact report

SeaWorld Entertainment tops EBITDA expectations [Seeking Alpha]

SeaWorld Entertainment, Inc. (SEAS) 
Last seaworld entertainment, inc. earnings: 2/26 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
SeaWorld Entertainment tops EBITDA expectationsSeaWorld Entertainment (NYSE:SEAS) topped EBITDA estimates with itsQ4 report, bringing in $54.7M vs. $42M consensus.While attendance was 2.7% lower during the quarter, revenue per capita improved 2% to $62.32 on higher ticket prices and in-park spending.The theme park company says it's on track to deliver $40M of previously announced net cost savings by the end of 2018 and an additional $25M of previously announced cost savings for 2018.CEO update: "Our fourth quarter results were favorably impacted by the continued strong reception of our Halloween and Christmas events. We saw positive trends from our 300-mile and in guests from many of our parks and we saw an increase in overall admission per capita and in-park per capita spending. We did continue to see some weakness from our international and U.S. domestic guests which we plan to specifically address with our 2018 sales and marketing initiatives."Previously:SeaWorld CEO Manby steps do Show less Read more
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