Six Flags Entertainment Corp. on Thursday reported a loss of $84.5 million in its first quarter.
On a per-share basis, the Grand Prairie, Texas-based company said it had a loss of $1.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.11 per share.
The amusement park operator posted revenue of $102.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $98.2 million.
Six Flags shares have declined 53% since the beginning of the year. The stock has declined 60% in the last 12 months.