Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Six Flags Entertainment Q2 Profit Dips - Quick Facts

RELATED NEWS
Trade SIX now with 

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.

Click here to receive FREE breaking news email alerts for Six Flags Entertainment Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.