BROOMFIELD, Colo. — Vail Resorts Inc. (MTN) on Friday reported a loss of $107.8 million in its fiscal first quarter.
The Broomfield, Colorado-based company said it had a loss of $2.66 per share. Losses, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $2.43 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $2.44 per share.
The ski resort operator posted revenue of $220 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $234.7 million.
Vail Resorts shares have increased 28 percent since the beginning of the year. The stock has climbed 22 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