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Earnings Roundup

Higher sales trim loss at Six Flags

May 09, 2008|From Times Wire Services

Amusement park chain Six Flags Inc. said its first-quarter loss narrowed as revenue increased at the fastest rate in six years.

The loss shrank to $149.9 million, or $1.62 a share, from $170.6 million, or $1.86, a year earlier, New York-based Six Flags said. Revenue jumped 35% to $68.2 million. Total attendance rose 19% to more than 1.4 million, the operator of Magic Mountain in Valencia said.

Six Flags shares fell 16 cents, or 6.7%, to $2.24.

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