Six Flags Falls After Late-Night Release Can't Hide Weak Earnings
- 11 p.m. release showed results missing estimates across board
- Theme park operator shares decline the most ever intraday
Visitors ride the Medusa roller coaster at Six Flags Discovery Kingdom.
Photographer: Ken James/Bloomberg
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It’s usually not a good sign when financial results come at 11:00 p.m., says Stifel analyst Steven Wieczynski.
He’s referring to Six Flags Entertainment Corp. The amusement-park operator released its disappointing third-quarter results an hour before midnight versus last quarter’s 6:00 a.m. release, 4:35 p.m. the quarter before that, and 7:00 a.m. in the 3Q and 4Q of 2017.