SeaWorld stock takes another plunge

Stock value of SeaWorld Entertainment closed today (November 12) at $16.85, down 9.41 percent. The company reported lower attendance for the second straight quarter. It had 8.4 million visitors in the third quarter of this year, compared with 8.9 million in the same quarter of the previous year.

In this year's third quarter, revenue dropped to $87.2 million, down from $120.7 million a year earlier. Earnings per share dropped to $1 from $1.34.

SeaWorld has been the subject of negative attention for some time over its orca shows. A bill in California would ban orcas from shows. SeaWorld blamed negative press plus competitive pressures in Florida.