: Six Flags revenue jumps above expectations, boosted by increased spending by guests #FinanceUSA #StockMarketNEWS Six Flags Entertainment Corp. reported Thursday a narrower-than-expected first-quarter
@stockMarketNEWS 15 Days ago
Six Flags revenue jumps above expectations, boosted by increased spending by guests #FinanceUSA #StockMarketNEWS
Six Flags Entertainment Corp. reported Thursday a narrower-than-expected first-quarter loss and revenue that rose above forecasts, boosted by increased spending by an increasing number of guests. The theme park operator's stock was still inactive in premarket trading. Net losses narrowed to .7 million, or 76 cents a share, from .8 million, or .12 a share, in the year-ago period. The FactSet consensus for per-share losses was .04. Revenue jumped 68.4% to 8.1 million, above the FactSet consensus of 2.3 million. Attendance grew 25% to 1.7 million, below the FactSet consensus of 1.9 million, while total guest spending per capita increased 34% to .46 amid 31% growth in admissions spending per capita to .28 and a 39% rise in in-park spending per capita to .18. The stock has dropped 30.3% year to date, while the S&P 500 has shed 17.4%.
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