NEW YORK (TheStreet) -- SeaWorld Entertainment (SEAS) - Get Report released its financial results for the 2015 fourth quarter this morning and posted a wider than expected net loss, but a rise in revenue and higher attendance when compared to the same quarter in 2014.
For the most recent quarter the theme park company posted an adjusted net loss of $9.6 million or a loss of 11 cents per diluted share. Analysts surveyed by Thomson Reuters had forecast for a loss of 10 cents per share for the period.
Total revenues grew to $267.9 million from $264.5 million for the same quarter in 2014. Analysts had forecast for $267.73 million for the 2015 fourth quarter.
Attendance improved in the latest quarter with 4.41 million visitors to the company's parks versus the 4.37 million in 2014.
The company has undertaken several steps towards stabilization and growth as it continues to battle accusations that the animals in its care are mistreated.
"We will continue to take the necessary actions to drive results and shareholder value, as we work to confront the external headwinds that continue to affect the business. Looking ahead, this summer we will open three highly anticipated attractions, including two new roller coasters in Florida and a new dolphin habitat and guest experience in Texas," CEO Joel Manby said in a statement.
SeaWorld stock closed up by 0.81% to $19.83 on Wednesday afternoon.
Separately, TheStreet Ratings has set a "hold" rating and a score of C- on SeaWorld Entertainment stock. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, TheStreet Ratings also finds weaknesses including generally higher debt management risk, disappointing return on equity and a decline in the stock price during the past year.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SEAS