Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

SEAWORLD IS CRASHING

Myles UdlandAug 13, 2014, 17:40 IST

SeaWorld shares are crashing, falling more than 20%, after the amusement park operator reported earnings and revenue that missed expectations.

SeaWorld reported earnings of $0.43 per share, less than the $0.59 that was expected by analysts.

Second quarter revenue also missed expectations, coming in at $405.2 million against expectations for $445.29 million.

Attendance at the company's parks increased modestly, rising 0.3% against the prior year to 6.6 million.

"We were pleased to report attendance growth in the quarter despite a challenging industry and competitive environment and a tough comparison to the prior year quarter," said SeaWorld CEO Jim Atchison.

This report comes about a year CNN's controversial documentary "Blackfish," which brought to light questions regarding the treatment of Orca whales.

More to come...