Knott’s Owner Sees Price Per Unit Sour
Partnership units of Cedar Fair, owner of Knott’s Berry Farm in Buena Park, on Monday fell $1, or 5.3%, to $18 on the New York Stock Exchange. The Dublin, Ohio, amusement park operator warned Friday that it expects to report second-quarter earnings of 35 cents to 37 cents per unit.
The company was expected to earn 42 cents, according to a survey of analysts by First Call/Thomson Financial.
Cedar Fair said that cool, rainy weather kept customers away from seasonal parks but that attendance was meeting expectations at Knott’s, which is open all year. The company plans to disclose quarterly results Aug. 4.
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