Whale of a problem
SeaWorld shares fall over 10 percent in light of third quarter results
SeaWorld Entertainment Inc. announced Wednesday morning its third-quarter income fell 28 percent from last year, Business Insider reports. Following that report, the company's shares plummeted more than 10 percent.
The rest of SeaWorld's news isn't much better. Attendance at the theme parks is down year-over-year, dropping by half a million visitors this third quarter compared to last year's.
SeaWorld's earnings have been down since the 2013 release of Blackfish, a documentary about SeaWorld's treatment of orca whales.
"Clearly 2014 has been a challenging year, but I am confident we are taking the necessary steps to address our near term challenges and position the company to deliver value over the long term," CEO Jim Atchison said in a statement.
Read SeaWorld's full report here.