Six Flags Beat Second-quarter Profit Expectations, Misses Sales

By Caitlin HustonMarketWatch Pulse

Six Flags beat second-quarter profit expectations but missed sales expectations Wednesday. The theme park operator reported net income of $84.6 million, or 67 cents per share, compared with $85.3 million, or 67 cents per share, in the year-earlier period. Analysts surveyed by FactSet were expecting EPS of 63 cents. Six Flags reported sales of $386.1 million, below the FactSet consensus of $399.1 million. The company said attendance in the second quarter reached 8.9 million guests, a 9 percent increase from the previous quarter. The growth was due to new attractions and more visitation from season pass holders and members, the company said. Shares of Six Flags have fallen 7% in the past three months.

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