Six Flags Entertainment Corp.
SIX, -1.71%
on Wednesday said its second-quarter earnings surged 43%, but fell short of Wall Street’s expectations.
The Grand Prairie, Texas, amusement-park operator on Wednesday reported net income of $74.5 million, or 88 cents a share, up from $52 million, or 59 cents a share, a year earlier. Analysts polled by FactSet were expecting earnings of 93 cents a share.
Revenue rose 5% to $445.4 million, helped by a 3% increase in attendance and a 2% rise in per-capita guest spending. Analysts were expecting revenue of $439 million.
Earlier this month, rival Cedar Fair L.P.
FUN, -1.17%
reported a slower-than-expected start to the key summer season, sending the shares of Six Flags and other theme-park operators lower.
Write to Colin Kellaher at [email protected]
