SeaWorld Drops After 13% Drop in First Quarter Attendance and Google Goes Through a 2-for-1 Split

SeaWorld Entertainment, Inc. (NYSE: SEAS) shares dropped on Thursday after it was revealed that shareholder Blackstone Group LP (BX) continued to reduce its stake in the company. The company also posted a 13 percent drop in attendance at its theme parks. The company said first-quarter attendance fell to 3.05 million guests from 3.5 million a year earlier, according to a regulatory filing yesterday. The company also agreed to buy 1.75 million of its shares from Blackstone. SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. It operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne.

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Google Inc. Class C (NASDAQ: GOOG) went through a 2-for-1 split on Wednesday and shareholders as of record March 27 got two shares for every one share they owned. One set of shares, called Class A, is trading under a new ticker symbol, “GOOGL.” The other, Class C, is listed under the company’s historic ticker, “GOOG.” Google will now have twice as many shares outstanding. The GAAP earnings per share Google will report for the first quarter also “will be half what we would otherwise report because our net earnings are divided into twice as many shares,” explained the company in March.

Google Inc., a technology company, builds products and provides services to organize the information. The company offers Google Search, which provides information online; Knowledge Graph that allows searching for things, people, or places, as well as builds systems that recognize speech and understand natural language; Google Now, which provides information to users when they need it; and Product Listing Ads that offer product image, price, and merchant information.

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