Six Flags doubles estimates, last year's profit for quarter

Posted Tuesday, July 24, 2012 10:41 AM | Contributed by Jeff

Six Flags reported a profit of $72.3 million, or $1.27 cents a share, up from a year-earlier profit of $35 million, or 62 cents a share. Its income from continuing operations was $1.34 a share in the most recent quarter versus 64 cents a year ago. Revenue rose 11% to $374.9 million. Analysts surveyed by Thomson Reuters recently predicted earnings of 62 cents a share on revenue of $352 million. Attendance and per capita spending were up 12%.

Read more from The Wall Street Journal.

Tuesday, July 24, 2012 10:42 AM

The economy is obviously terrible. Good thing the 1% can prop up Six Flags.

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Tuesday, July 24, 2012 1:43 PM

Not too shabby for a company who recently emerged from bankruptcy protection. So good in fact, that you don't even have to blame the weather.

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