logo
Share SHARE
FONT-SIZE Plus   Neg

Six Flags Entertainment Q2 Profit Dips - Quick Facts

Six Flags Entertainment Corp.'s (SIX: Quote) second-quarter net income applicable to common stockholders fell to $47.36 million, or $0.47 a share, from the prior year's $72.27 million, or $0.64 a share. However, cash earnings per share amounted to $0.97 this quarter, an increase from last year's $0.89.

Total revenue for the period slipped year-over-year to $363.7 million, from $374.91 million.

Second-quarter adjusted EBITDA of $138.3 million grew $1 million over last year's performance after adjusting for the sale of dcp, despite an Easter-related attendance shift into the first quarter 2013 and adverse weather in the East and Midwest. The company said the growth in profitability was a direct result of its pricing strategy and its ability to effectively manage costs.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Watch is expected to post robust sales in the first weekend after its launch on April 24. A craze for Apple Watch may catapult the smartwatch industry into a lucrative market, while a not-so-impressive response for the Apple device may weigh on the industry. Fast food giant McDonald's Corp. (MCD), in a bid to boost slowing sales, is all set to make changes to its grilled chicken recipe by removing ingredients that may sound like chemicals to customers. The news was first reported by Associated Press, which said the new Artisan Grilled Chicken will no... GoDaddy Inc (GDDY) shares surged in its debut on the New York Stock Exchange following a successful initial public offering. GoDaddy, a technology provider dedicated to small businesses, priced its IPO of 23 million Class A shares at $20.00 each, above its estimated range of $17 to $19 per share. All...
comments powered by Disqus
RELATED NEWS
Trade SIX now with 
Follow RTT