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Shares of Cedar Fair (NYSE:FUN) moved higher by 0.9% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share decreased 305.31% over the past year to ($2.32), which missed the estimate of ($2.12).
Revenue of $6,586,000 declined by 98.49% year over year, which missed the estimate of $32,910,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
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Date: Aug 05, 2020
Time: 10:00 AM
Price Action
52-week high: $64.86
52-week low: $13.00
Price action over last quarter: Up 1.43%
Company Description
Cedar Fair LP operates amusement park-resorts located in various states across USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership's portfolio of parks includes Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan's Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott's Berry Farm, and California's Great America. Other than these parks, the partnership also holds a contract to operate few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.