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SeaWorld Entertainment

SeaWorld reports 84% plunge in profit, promises improvement

SeaWorld reports 84% plunge in profit, promises improvement

After posting an 84 percent decline in profit Thursday, SeaWorld Entertainment assured analysts better days are ahead. Discounting, lower attendance — partly from controversy over killer whales in captivity — and increased marketing expenses took their toll on profit in the quarter that ended June 30. Though SeaWorld missed analysts' expectations, investors appeared calmed by executives' comments. The stock closed at $18.14, up 4.2 percent. "We acknowledge we still have much work ahead of us," Chief Executive Officer Joel Manby told analysts. "Let me assure you that we remain steadfast in our efforts to overcome these challenges and improve the...

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