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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.

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.