Vail Resorts reports 1Q loss

Associated Press |

BROOMFIELD, Colo. (AP) _ Vail Resorts Inc. (MTN) on Thursday reported a loss of $28.4 million in its fiscal first quarter.

On a per-share basis, the Broomfield, Colorado-based company said it had a loss of 71 cents. Losses, adjusted for pretax gains, were $2 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.83 per share.



The ski resort operator posted revenue of $220.9 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $195.2 million.

Vail Resorts shares have climbed 37 percent since the beginning of the year. The stock has increased 37 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTN at https://www.zacks.com/ap/MTN

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