Six Flags six-month results hurt by wet weather

Posted | Contributed by Jeff

Six Flags reported a quarterly net income drop of 34%, hurt by prolonged wet weather, which affected attendance at its Midwest and East coast parks. For the second quarter, Six Flags said it earned $47.4 million, or 47 cents per share, down from $72.3 million, or 64 cents per share, in the year-ago quarter. Revenue fell 3% to $363.7 million from $374.9 million, below consensus estimates of $370 million.