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Why Six Flags Stock Crashed 9% Today

·2 min read
Why Six Flags Stock Crashed 9% Today
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Shares of amusement park operator Six Flags Entertainment (NYSE: SIX) fell 8.8% through 2:10 p.m. EDT Wednesday despite the fact that the company absolutely crushed earnings expectations this morning. Instead of the $1.55 per share in profits on $587.1 million in sales that analysts had forecast for its fiscal third quarter, Six Flags reported $1.80 per share in profits -- and $638 million in sales. This was despite the fact that "of the company's 27 properties, only the company's theme park in Montreal continues to have capacity constraints" imposed by the government.