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Six Flags Entertainment (SIX) Pulled Back Sharply On Weak Q3 Revenues

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Six Flags Entertainment (SIX: Quote) reported third quarter net income of $4.73 per share Wednesday morning, up from $3.53 per share in the prior year period. The consensus estimate was for EPS of $2.86. Revenue increased to $486.14 million from $475.60 million last year. The consensus estimate was for revenues of $514.25 million.

Six Flags Entertainment declined sharply in the first half hour of trade Wednesday, before settling into a range. Shares finished down by 6.18 at $56.16 on the highest volume of the year. The stock dropped to a month and a half low and fell below its 50-day moving average.

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by RTT Staff Writer

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