Six Flags Misses Second-quarter Earnings And Revenue Expectations

Six Flags Entertainment Corp. missed second-quarter earnings and revenue expectations Wednesday. Earnings for the latest quarter decreased to $60.9 million, or 64 cents per share, from $65.5 million, or 67 cents per share in the year-earlier period. The year-earlier period benefited from a one-time tax benefit, the company said. Earnings-per-share of 64 cents were below a FactSet consensus of 69 cents per share. Revenue rose to $407 million from $386 million, compared with the FactSet consensus of $409 million. Six Flags shares slumped close to 1% in pre-market trade. Shares of the company have declined 3.1% over the last three months, compared with a 3.5% rise in the S&P 500 .