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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Penn Entertainment shares surge on ESPN deal, ZipRecruiter stock slumps and other stocks on the movePenn Entertainment's shares experience a significant increase following a deal with ESPN, while ZipRecruiter's stock declines. Take-Two Interactive, Penn Entertainment, Twilio, and ZipRecruiter are among the notable companies in focus.
Source: MarketWatch - 🏆 3. / 97 Read more »

Yellow Corp asset sale could surpass $1.4 bln - Fox BusinessTrucking company Yellow Corp's assets have attracted significant bidders and their sale could likely surpass the company's $1.4 billion in secured debt, Fox Business reported on Tuesday, citing people with direct knowledge of the matter.
Source: Reuters - 🏆 2. / 97 Read more »