AP NEWS

Vail Resorts: Fiscal 2Q Earnings Snapshot

March 9, 2020 GMT

BROOMFIELD, Colo. (AP) _ Vail Resorts Inc. (MTN) on Monday reported fiscal second-quarter profit of $206.4 million.

The Broomfield, Colorado-based company said it had net income of $5.04 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $5.07 per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.44 per share.

The ski resort operator posted revenue of $924.6 million in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $953.6 million.

Vail Resorts shares have decreased 23% since the beginning of the year. In the final minutes of trading on Monday, shares hit $183.95, a drop of 9% in the last 12 months.

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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