Vail Resorts profits below expectations
By Denver Business Journal
Vail Resorts Inc. posted a smaller profit in its most recent quarter Wednesday, falling short of analysts’ expectations.
The Broomfield-based ski-resort and hotel operator again cited a dropoff in real estate closings as a factor.
Vail Resorts (NYSE: MTN) reported results for the three months ending Jan. 31, which it regards as its fiscal 2010 second quarter.
It posted attributable net income of $40.7 million, or $1.11 a share, down from income of $60.5 million, or $1.65 a share, in the same quarter a year earlier.