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Cedar Fair reiterates full-year revenue forecast



By AP
06 November 2008 @ 10:29 am EST

SANDUSKY, Ohio - Cedar Fair Entertainment Co. reiterated its full-year revenue forecast Thursday after reporting its third-quarter profit surged 69 percent.

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The amusement park and water park operator said it still expects revenue between $990 million and $1.02 billion for the fiscal year.

Analysts surveyed by Thomson Reuters predict full-year revenue of $1 billion.

Cedar Fair recorded sales of $987 million in 2007.

Cedar Fair also said its third-quarter profit jumped 69 percent as year-ago results were weighed down by an impairment charge.

Cedar Fair Entertainment's stock slid 13 cents to $18.50 in morning trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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