Six Flags reports first-quarter loss but tops expectations
Six Flags Entertainment Corp. (SIX) on Wednesday reported a loss of $70.3 million in its first quarter.
The Grand Prairie, Texas-based company said it had a loss of 75 cents per share. Losses, adjusted for stock option expense, came to 62 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 69 cents per share.
The amusement park operator posted revenue of $85.2 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $82.4 million.
Six Flags shares have risen 13 percent since the beginning of the year. The stock has increased 22 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIX at http://www.zacks.com/ap/SIX
Keywords: Six Flags, Earnings Report