FX.co ★ Six Flags Entertainment Corp. Q1 Loss Increases, Misses Estimates

Six Flags Entertainment Corporation has recently reported its first quarter losses which surprisingly exceeded those from the previous year and also fell short of Wall Street projections. The company's reported losses stood at approximately 82.73 million dollars, translating to around 0.98 dollars per share. When compared to last year's first quarter figures, this is a noticeable increase from the 69.86 million dollars loss, or 0.84 dollars per share.

Market analysts had, on average, predicted that the company would report a loss of around 0.91 dollars per share. However, these forecasts usually do not take unique or one-time expenditure into account.

When evaluating the corporation's quarterly revenue, a noticeable decline of 6.3% was observed, falling from last year's 142.19 million to 133.29 million dollars.

To break the figures down as presented in accordance with the Generally Accepted Accounting Principles (GAAP), Six Flags Entertainment Corporation reported a Q1 earnings loss of 82.73 million dollars versus the 69.86 million dollars in the same period last year. Its loss per share (EPS) for the Q1 was 0.98 dollars as compared to the previous year's 0.84 dollars, alongside a reported Q1 revenue falling to 133.29 million dollars from last year's 142.19 million dollars.