GRAND PRAIRIE, Texas (AP) — Six Flags Entertainment Corp. (SIX) on Thursday reported fourth-quarter net income of $2.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Grand Prairie, Texas-based company said it had net income of 2 cents.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The amusement park operator posted revenue of $217.5 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $192.6 million.
For the year, the company reported profit of $154.7 million, or $1.58 per share. Revenue was reported as $1.26 billion.
Six Flags shares have declined 6.5 percent since the beginning of the year. The stock has climbed 13 percent in the last 12 months.