- Vail Resorts beats Street 2Q forecasts
BROOMFIELD, Colo. (AP) _ Vail Resorts Inc. (MTN) on Friday reported fiscal second-quarter net income of $149.2 million.
The Broomfield, Colorado-based company said it had profit of $3.63 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.45 per share.
The ski resort operator posted revenue of $725.2 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $709.3 million.
Vail Resorts shares have increased 12 percent since the beginning of the year. The stock has increased 36 percent in the last 12 months.
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