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NEW YORK (TheStreet) -- Shares of SeaWorld Entertainment (SEAS) - Get SeaWorld Entertainment, Inc. Report are down by 5.34% to $16.47 in pre-market trading on Thursday morning, after the theme park company reported an 84% drop in its earnings for the 2015 second quarter. SeaWorld also posted a decline in attendance at its Texas and California locations.

SeaWorld, an animals for entertainment enterprise showcasing marine mammals and other wildlife, will typically generate its largest revenue during the second and third quarters, as they fall in the prime spring and summer vacation months, The Wall Street Journal reports.

For the most recent quarter the company said its adjusted net income was 22 cents per diluted share on a 3% year over year decline in revenue to $391.6 million.

Analysts surveyed by Thomson Reuters had forecast for earnings of 39 cents per share on revenue of $398 million.

SeaWorld's attendance fell by 1.6% for the quarter. The company said the timing of Easter, record level rainfall in Texas and continued brand challenges in California caused the decline in attendance.

"We realize we have much work ahead of us to recover more of our attendance base, increase revenue and improve our performance as returning to historical performance levels will take time and investment," company CEO Joel Manby said in a statement.

"On the reputation side, early feedback on our campaign has been positive, however, we recognize that fully resolving our brand challenges in California will require sustained focus and commitment to correct misinformation," Manby continued.

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SeaWorld has been facing an onslaught of criticism regarding the treatment of the animals in its care. The 2013 documentary Blackfish has been a PR nightmare for SeaWorld, as the film alleges the company mistreats its animals, most notably its star attraction, performing killer whales.

Separately, TheStreet Ratings team rates SEAWORLD ENTERTAINMENT INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate SEAWORLD ENTERTAINMENT INC (SEAS) a HOLD. The primary factors that have impacted our 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 revenue growth, increase in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself."

You can view the full analysis from the report here: SEAS Ratings Report

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