Not-So-Splashy Earnings for SeaWorld, Retails Fails and Cisco’s Mixed Messages


Pujonomics.

Tanked…

Image courtesy of tor00722/FreeDigitalPhotos.net Image courtesy of tor00722/FreeDigitalPhotos.net

Shares of SeaWorld (SEAS) appear to be evaporating by 33% today after the amusement park company forecasted a decline of 6-7% with a lot of help from the very unflattering docu-drama “Blackfish.” The film, which takes a look at how killer whales in captivity are treated, seemed to put a damper on traffic to SeaWorld, especially at its San Diego location. The film had its debut just two months before SeaWorld’s IPO. Coincidence? Hmm. This marks the first time “Blackfish” has actually been mentioned with respect to SeaWorld’s earnings. Wall Street had predicted the company would pull in revenues of $447 million. But no such luck as revenues came in closer to the $405 million mark. To make matters worse, revenue was $415 million this time last year.

July retail blues…

Image courtesy of renjith krishnan/FreeDigitalPhotos.net Image courtesy of renjith krishnan/FreeDigitalPhotos.net

Just when things were starting to look up, leave it to…

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