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

MarketsAssociated Press

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.

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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.

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

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Keywords:Vail Resorts,Earnings Report