Six Flags Beats First Quarter Earnings Expectations

Six Flags Entertainment Corp. beat first quarter earnings expectations Wednesday. The company reported a net loss of $70.3 million, or 75 cents per share, wider than a loss of $61.2 million, or 64 cents per share in the year-earlier period. Six Flags reported an adjusted loss per share of 62 cents, above the FactSet consensus of a loss of 75 cents. Six Flags reported sales of $85.2 million, above the FactSet consensus of $83.1 million. The company noted that most of the parks are not open during the first quarter.