What's Going on With United Parks Stock Tuesday?
United Parks & Resorts Inc. (NYSE: PRKS ) reported weaker second-quarter results Tuesday, as lower attendance weighed on revenue and earnings, causing both to miss Wall Street expectations despite higher guest spending. United Parks Earnings And Margins Revenue fell 1.4% year over year to $483.3 million, missing the $492.12 million estimate. GAAP diluted EPS declined to $1.34 from $1.45 and missed the $1.74 estimate. Net income fell 21% to $63.3 million. The company did not report adjusted EPS. Adjusted EBITDA decreased 5.2% to $195.5 million as lower revenue and higher operating expenses weighed on results. Operating income fell 16.6% to $117.1 million, while total costs and expenses rose 4.7% to $366.2 million. Attendance And Per-Capita Spending Attendance declined 2.9% to 6.06 million guests, primarily due to the Easter calendar shift and lower international visitation. United Park...
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