Radar Movers: Billionaire Takes ‘Large Position’ in Apple, SeaWorld Sinks 13%
Shares of SeaWorld Entertainment (NYSE:SEAS) plunged 13 percent in late afternoon trading. The theme park company reported quarterly earnings of 41 cents per share, missing estimates calling for 51 cents per share. The company also reduced its full-year revenue guidance. “We are pleased with our first half results particularly in light of a challenging second quarter due to the unfavorable timing of Easter and adverse weather conditions at many of our parks,” Jim Atchison, president and chief executive officer.