SeaWorld Entertainment Q1 Loss Widens; Backs FY14 View

(RTTNews) - SeaWorld Entertainment, Inc. (SEAS) reported a net loss for the first quarter of $49.4 million or $0.56 per share, compared to a net loss of $40.4 million or $0.49 per share for the year-ago quarter.

Excluding items, adjusted net loss for the latest quarter was $49.1 million or $0.56 per share.

Revenue for the first quarter fell 11% to $212.29 million from $238.61 million a year ago.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.49 per share on revenue of $216.77million for the first quarter. Analysts' estimates typically exclude special items.

The company reaffirmed its fiscal 2014 revenue guidance in the range of $1.49 billion to $1.52 billion. Analyst currently expect the company to post revenue of $1.51 billion for the full year 2014.