Vail Resorts skids on earnings miss
By Aparna Nayayanan, Investor’s Business Daily
Vail Resorts Inc. skid off record highs Thursday on a disappointing earnings report for its fiscal third quarter ending April.
The Colorado-based ski operator reported fiscal third-quarter earnings of $4.84 a share, up 14 percent vs. a year earlier, as revenue jumped 23 percent to $795 million. But analysts had expected EPS of $4.86 on revenue of $808 million, according to Zacks Investment Research.
Vail Resorts is the parent company of Heavenly, Kirkwood and Northstar ski resorts.