11:55 am Six Flags (SIX)
Six Flags Entertainment (SIX), the world's largest regional theme park company, is rallying 14% today after reporting very strong earnings last night. After some modest beats in Q1 and Q2, SIX reported bigger upside in Q3. The stock has been weak recently, falling by more than 20% from late June to mid-October. The strong report appears to have caught investors off guard.
Non-GAAP EPS jumped 28% YoY to $1.56 while revenue rose 7.4% YoY to $541.8 mln, both numbers were better than expected. Running theme parks is a capital-intensive business (building …More