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Stock impact report

Cedar Fair Results Fail To Thrill Investors [Seeking Alpha]

Cedar Fair, L.P. (FUN) 
Last cedar fair, l.p. earnings: 11/6 04:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary On Wednesday, Cedar Fair, L.P. ( FUN ) reported results before the market opened, and the units dropped like one of its famous roller coasters. They opened more than a dollar lower, and by the time the day ended, they had shed nearly 5% of their value, closing down $3.22 on the day. On Thursday, the shares moved even lower, falling to an intra-day low of $64.15, a level not seen since mid-February, before finishing the day at $65.23, down another $0.63. The reason? Management expressed less confidence in achieving its Adjusted EBITDA guidance of $500 million. CEO Matt Ouimet addressed this early in the call: I know our investors have always valued our commitment to transparent communication including snapshot updates beyond the quarter end. In return I would appreciate that our investors understand it is difficult to extrapolate short term trends to full-year results. With that caveat, I want to be clear that while we expect this to be anot Show less Read more
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