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Vail Resorts: Fiscal 1Q Earnings Snapshot

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.

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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

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