Cedar Fair L.P. (FUN) Misses Q3 EPS by 44c

November 2, 2016 9:11 AM EDT
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Cedar Fair L.P. (NYSE: FUN) reported Q3 EPS of $3.10, $0.44 worse than the analyst estimate of $3.54. Revenue for the quarter came in at $650 million versus the consensus estimate of $652.93 million.

Momentum Continues Through October

Based on preliminary results, net revenues through October 30, 2016, were approximately $1.23 billion, up 4%, or $42 million, compared with $1.19 billion for the same period last year. The rise in net revenues was the result of a 2%, or 558,000-visit, increase in attendance to a record 24.2 million visits, a 1%, or $0.52, increase in in-park guest per capita spending to a record $46.82 and a 6%, or $8 million, increase in out-of-park revenues to a record $135 million compared with 2015.

For earnings history and earnings-related data on Cedar Fair L.P. (FUN) click here.

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