Six Flags 2nd-quarter profit climbs 40 percent

IndustriesAssociated Press

Six Flags Entertainment Corp. (SIX) on Monday reported earnings that climbed by 40 percent in its second quarter. The results matched analysts' expectations.

The Grand Prairie, Texas-based company said earnings rose to $66.3 million, or 67 cents per share, from $47.4 million, or 47 cents per share, in the same quarter a year ago.

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The amusement park operator said revenue increased 3.5 percent to $376.6 million from $363.7 million in the same quarter a year ago, and missed Wall Street forecasts. Analysts expected $396.6 million, according to Zacks Investment Research.

Six Flags shares have climbed $4.18, or 11 percent, to $41 since the beginning of the year. The stock has risen $5.15, or 14 percent, in the last 12 months.