Shares of Cedar Fair (NYSE:FUN) fell 1.1% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 52.35% year over year to ($2.27), which missed the estimate of ($1.69).Revenue of $53,635,000 lower by 19.92% year over year, which missed the estimate of $55,980,000.Looking Ahead Cedar Fair hasn't issued any earnings guidance for the time being.Cedar Fair hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 06, 2020View more earnings on FUNTime: 12:05 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/fun/mediaframe/37670/indexr.htmlPrice Action 52-week high: $64.8652-week low: $13.00Price action over last quarter: down 50.27%Company Overview 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.See more from Benzinga * Recap: Gibraltar Industries Q1 Earnings * Recap: Tennant Q1 Earnings * Recap: Chimera Investment Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Six Flags is requiring online reservations. Cedar Point is selling two years of access for the price of one. Disney, SeaWorld, and Universal are bracing for dramatically lower capacity levels to satisfy social distancing.

Cedar Fair (FUN) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

FUN earnings call for the period ending March 31, 2020.

Cash preservation will be an important topic as COVID-19 pressures park attendance into the summer months.

CEDAR FAIR ANNOUNCES OFFERING OF $875 MILLION SENIOR SECURED NOTES

Shares of Cedar Fair (NYSE: FUN) rose a whopping 57.3% in April, according to data provided by S&P Global Market Intelligence. The disparate monthly moves seem fitting for a company with roller coasters in its amusement parks, although it's surely not amusing for shareholders who are still down over 50% year to date. Cedar Fair's stock obviously dropped in March because of the COVID-19 pandemic.

CEDAR FAIR COMPLETES ISSUANCE OF $1.0 BILLION SENIOR SECURED NOTES

Ever since passengers started getting stranded in quarantine situations on cruise ships back in February due to the coronavirus outbreaks, it was clear the cruise ship industry would suffer a major blow. Cruise ships -- with their crowded living spaces, constant exposure to new lands and people, and limited medical facilities and supplies -- are nearly perfect breeding grounds for the highly contagious virus. Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) have been forced to halt cruises as a result of efforts to halt the pandemic following multiple outbreaks of COVID-19 aboard their ships.

Moody's Investors Service (Moody's) assigned a Ba2 rating to Cedar Fair, L.P.'s (Cedar Fair) proposed $875 million senior secured notes. The speculative grade liquidity (SGL) rating was upgraded to SLG-3 from SGL-4.

Optimism for a COVID-19 vaccine helps, but early outcomes of reopening efforts by Disney and Universal may matter a lot more.

Cedar Fair Reports Results for Its 2020 First Quarter

The business of Cedar Fair (NYSE: FUN) was trending higher in the months preceding the COVID-19 pandemic closures. Knott's Berry Farm notched a record start to the year through early March, which helped push overall attendance higher by 19%. The first quarter is usually a low point for Cedar Fair's business anyway, with all parks besides Knott's Berry Farm closed through the winter season.

CEDAR FAIR UNITHOLDERS ELECT THREE TO BOARD OF DIRECTORS

CEDAR FAIR ANNOUNCES UPSIZE AND PRICING OF $1.0 BILLION OF SENIOR SECURED NOTES

Cedar Fair (FUN) first-quarter 2020 results are likely to reflect decline in sales of advance purchase products.

Amusement parks got a shot in the arm as investors started to think about a future beyond the COVID-19 shutdown.

KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Cedar Fair (NYSE:FUN) who held large, unhedged concentrated positions in Cedar Fair stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus ("COVID-19") pandemic. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Cedar Fair stock.

CEDAR FAIR SETS DATE TO ANNOUNCE 2020 FIRST QUARTER RESULTS

Bondholders in particularly hard-hit sectors like energy, travel and leisure have another issue to watch for as companies struggle to survive the economic shutdown - getting demoted by new debt issues. This phenomenon is known in the market as getting "primed" or "layered," where a company in need of cash offers a bond backed by collateral, called secured debt, which has seniority over any previously issued unsecured debt. Since the start of the coronavirus epidemic, this has happened to investors in the debt of movie theater chain AMC Entertainment, theme parks Six Flags Entertainment and Cedar Fair, propane supplier Ferrellgas Partners and cruise line Carnival Corp, according to a Reuters analysis.