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Stock impact report

Six Flags' stock set to rally after loss widens, revenue falls less than expected [MarketWatch]

Six Flags Entertainment Corporation New (SIX) 
Last six flags entertainment corporation new earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.sixflags.com
Company Research Source: MarketWatch
Shares of Six Flags Entertainment Corp. were indicated up more than 3% in premarket trading Thursday, after the theme park operator reported a narrower-than-expected first-quarter loss as revenue fell less than forecast. Park attendance dropped 27% due to the coronavirus pandemic-related suspension of park operations, while total guest spending per capita increased 17% to $56.60. The net loss widened to $84.5 million, or $1.00 a share, from $69.1 million, or 82 cents a share, in the year-ago period. The FactSet consensus was for a loss of $1.04 a sahre. Revenue fell to $102.5 million from $128.2 million, but was above the FactSet consensus of $93.1 million. The Active Pass Base fell 10% as of March 31, as the pandemic led to fewer season pass and membership sales. The stock has tumbled 44.2% over the past three months through Wednesday, while the S&P 500 has declined 10.5%. Show less Read more
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