Pursuits
SeaWorld Shares Plummet as Profit Forecast Trails Estimates
- Projection for 2016 overshadows narrower-than-expected loss
- Theme-park operator adjusting to animal-friendly policies
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SeaWorld Entertainment Inc. fell as much as 10 percent after forecasting profit for the year that trailed analysts’ estimates.
Earnings before interest, tax, depreciation and amortization will reach $335 million to $365 million in 2016 on an adjusted basis, the theme-park operator said Thursday in a statement. Analysts were projecting $378.9 million, the average of 10 estimates compiled by Bloomberg.