1 month ago
Stock Market

Six Flags Takes Theme Park Stocks for a Midday Ride

Investing.com - It was the drop on the rollercoaster for theme park stocks midday as Six Flags Entertainment (NYSE:SIX)

Investing.com - It was the drop on the rollercoaster for theme park stocks midday as Six Flags Entertainment (NYSE:SIX) slumped after its revenue came in below forecasts.

The amusement park company fell 15% after it reported revenue of $269.5 million compared to expectations for $284.25 million, according to Investing.com analyst estimates.

Guest spending per capita increased 6%, while attendance rose 3%, but there was a negative adjustment of $15 million related to opening delays in China, the company said.

Elsewhere SeaWorld (NYSE:SEAS) slipped 5%, while Walt Disney (NYSE:DIS) inched up 0.4% and Cedar Fair (NYSE:FUN) fell 1%.