SeaWorld Surges on Attendance Hopes

Investing.com - Amusement park operator SeaWorld Entertainment (NYSE:SEAS) saw a pop in early trading Tuesday as comments from its chief executive boosted sentiment about park attendance.

Shares rose 4%,

CEO Serge Rivera issued an internal memo to employees that was later made public, Briefing.com reported.

“On a consolidated basis, we expect to report an increase in attendance of approximately 2% for the fourth quarter of 2019 when compared to the prior year quarter,” Rivera wrote. “During the quarter, many of our parks had some particularly strong attendance days, including some record days, which is exciting and we look forward to a productive 2020.”

Rivera was named to the top slot in November when the company reported quarterly results that missed on the top and bottom lines.

The company will give more color when it reports earnings Feb. 27, Rivera said.

SeaWorld stock is up nearly 11% in the past six months.

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