Six Flags’ stock slides 5% premarket after earnings fall short of estimates

Six Flags Entertainment Corp.’s stock SIX slid 5% premarket Thursday, after the theme park operator posted weaker-than-expected second-quarter earnings and revenue that fell short of estimates. The Arlington, Texas-based company had net income of $21 million, or 25 cents a share, for the quarter to July 2, down from $45 million, or 53 cents a share, in the year-earlier period. Revenue rose 2% to $444 million from $435 million.

The Arlington, Texas-based company had net income of $21 million, or 25 cents a share, for the quarter to July 2, down from $45 million, or 53 cents a share, in the year-earlier period. Revenue rose 2% to $444 million from $435 million. The FactSet consensus was for EPS of 78 cents and revenue of $465 million. Revenue was crimped by a $3.11 decline in total guest spending per capita, comprised of the $2.56 decrease in admissions spending and a 55 cent decrease in in-park spending.

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