Vail Resorts reports 1Q loss, but meets expectations; misses revenue forecasts

Vail Resorts Inc. (MTN) on Monday reported a fiscal first-quarter loss of $64.3 million.

On a per-share basis, the Broomfield, Colorado-based company said it had a loss of $1.77. Losses, adjusted for non-recurring gains, came to $2.05 per share.

The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for a loss of $2.05 per share.

The ski resort operator posted revenue of $128.3 million in the period, which missed Street forecasts. Analysts expected $133 million, according to Zacks.

Vail Resorts shares have increased 22 percent since the beginning of the year. The stock has risen 22 percent in the last 12 months.


Elements of this story were generated by Automated Insights using data from Zacks Investment Research. MTN stock research report from Zacks.


Keywords:Vail Resorts,Earnings Report