- Earnings miss
- New CEO
- Div/yield 0.64/4.30
GRAND PRAIRIE, Texas (AP) _ Six Flags Entertainment Corp. (SIX) on Wednesday reported second-quarter profit of $52 million.
The Grand Prairie, Texas-based company said it had net income of 59 cents per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The amusement park operator posted revenue of $422.4 million in the period, which also did not meet Street forecasts. Nine analysts surveyed by Zacks expected $436.8 million.
Six Flags shares have fallen 7 percent since the beginning of the year. The stock has fallen 6 percent in the last 12 months.
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