Why SeaWorld Entertainment (SEAS) Is Higher on Friday

NEW YORK (TheStreet) -- SeaWorld Entertainment (SEAS) is climbing higher on Friday after posting an uptick in sales while net losses were in line with estimates. 

By early afternoon, shares had added 2.2% to $32.20. 

The theme park chain saw revenue increase 3% in the three months to December to $272 million, boosted by a jump in revenue per capita but partially offset by decreased turnout.

Analysts surveyed by Thomson Reuters had anticipated $271.4 million in revenue. 

Must Read: Warren Buffett's 10 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Quarterly attendance declined by 1.4% to 4.5 million across its portfolio of parks, though in SeaWorld-branded parks alone attendance hit a record fourth-quarter high. SeaWorld attendance came in spite of increased pressure from activists and the release of Blackfish, a documentary investigating SeaWorld's treatment of its captive orcas. 

During a post-earnings conference call, CEO Jim Atchison said of the film, "With respect to the impact on our business, as much as we're asked it, we can see no noticeable impact."

The company reported a net loss of 15 cents a share in the three months to December, in line with analysts' expectations but wider than a loss of 11 cents in the year-ago quarter.

SeaWorld noted due to the seasonal nature of its business, it isn't unusual for it to see losses in the first and fourth quarters which are more than offset by a profit surge in the warmer-weather months.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Three Big Factors That Rocked the Stock Market Tuesday

Three Big Factors That Rocked the Stock Market Tuesday

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug