Why Shares of Six Flags Entertainment Plunged 10.5% Today
Shares of Six Flags Entertainment (NYSE: SIX) fell as much as 10.5% on Wednesday after the company reported third-quarter 2020 financial results. The stock closed the day down 7.5%.
Quarterly revenue fell 80% to $126.3 million, and Six Flags swung to a net loss of $116.2 million, or $1.37 per share. A loss wasn't surprising, but analysts were expecting it to be just $1.00 per share on $142.7 million in revenue.
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Source Fool.com
