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    Cedar Fair's revenue forecast beats expectations

    SANDUSKY, Ohio (AP) — Amusement park operator Cedar Fair LP issued full-year revenue guidance Thursday that would beat market expectations.

    Cedar Fair, based in Sandusky, runs 11 amusement parks, seven water parks and five hotels. The company said it expects to post revenue of $1.03 billion for the 2011 fiscal year. Analysts polled by FactSet anticipate the company will generate revenue of $1.02 billion for the fiscal year.

    The company also plans to invest roughly $90 million in its properties to add new rides and make other improvements to help drive sales during the coming year.

    Shares of the company rose 60 cents, or 2.5 percent, to close at $24.53.

     

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