Six Flags Misses 3Q Profit Forecasts

Six Flags Entertainment Corp. (SIX) on Monday reported third-quarter earnings of $157.3 million.

On a per-share basis, the Grand Prairie, Texas-based company said it had net income of $1.64.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.

The amusement park operator posted revenue of $575.3 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $561.1 million.

A year ago the company earned $105 million, or $1.08 per share, on revenue of $541.8 million.

Six Flags shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $50.17, a climb of 48 percent in the last 12 months. The stock slipped 7 cents to $50.10 in extended trading.

Copyright AP - Associated Press
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