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Cedar Fair higher after Q3 earnings do just enough

  • Cedar Fair (FUN +2.2%) trades higher after the company beats revenue estimates with its Q3 report.
  • The amusement part operator says attendance was up 5% and in-park per capita spending improved 2% during the quarter.
  • Cedar Fair also boosted its cash distribution rate by 10% to $0.825 per unit.
  • Theme parts are now largely closed for the season, meaning the focus on Cedar Fair turns to how attractive the yield on units will look if interest rates are lifted by the Fed during the dead time.
  • Previously: Cedar Fair misses by $0.54, beats on revenue (Nov. 05 2015)
  • Previously: Cedar Fair declares $0.825 dividend (Nov. 05 2015)

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Cedar Fair, L.P. Limited Partnership Units