SeaWorld Entertainment Inc. SEAS, +18.27% reported second-quarter revenue that rose above expectations as attendance posted a surprise increase. The stock was still inactive in premarket trade. The theme park and entertainment company swung to a profit of $22.7 million, or 26 cents a share, from a loss of $175.9 million, or $2.05 a share, in the same period a year ago. The latest quarter's results include $8.7 million in expenses associated with separation-related costs and a legal settlement. The FactSet consensus for earnings per share, which typically excludes non-recurring items, was 28 cents. Revenue rose 4.9% to $391.9 million, above the FactSet consensus of $371.4 million, as attendance increased to 6.4 million guests from 6.1 million, while expectations were for a decline to 6.0 million. Total revenue per capita increased 0.1%, as in-park per-capita spending rose 6.5%. The stock has run up 49% over the past 12 months, while the S&P 500 SPX, +0.40% has gained 15%.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.