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SeaWorld reports Q1 loss

SeaWorld in San Diego, California.
Wolfgang Kaehler | LightRocket | Getty Images
SeaWorld in San Diego, California.

SeaWorld Entertainment on Thursday reported a loss of $84 million in its first quarter.

On a per-share basis, the Orlando, Florida-based company said it had a loss of $1. Losses, adjusted for one-time gains and costs, came to 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.

The theme park operator posted revenue of $220.2 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $213 million.

SeaWorld shares have decreased 1 percent since the beginning of the year. The stock has dropped 10 percent in the last 12 months.