Six Flags Entertainment (SIX) Misses Q2 EPS by 6c

Six Flags Entertainment (NYSE: SIX) reported Q2 EPS of $0.64, $0.06 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $407 million versus the consensus estimate of $406.4 million.

“Our 2016 season is off to an excellent start,” said John Duffey, President and CEO. “Our innovative new attractions have received very positive reviews along with the first-ever integration of virtual reality technology into our roller coasters. Our pricing and multi-visit pass initiatives are working well and we are highly encouraged by the positive trends in our business including the 11 percent increase in our Active Pass Base. Combined with our ticket price gains and international expansion opportunities, we are well-positioned for 2016 and we remain laser-focused on our aspirational target of $600 million of Modified EBITDA3 by 2017.”

For earnings history and earnings-related data on Six Flags Entertainment (SIX) click here.

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