Ski resort operation Vail Resorts, Inc. (
) on Tuesday posted disappointing earnings results and warned that
it may not be perform up to its previously-announced full-year
The Broomfield, CO-based company reported a fiscal first quarter
net loss $60.6 million, or -$1.70 per share, compared with a
smaller loss of $55.7 million, or -$1.54 a share, in the year-ago
period. Vail normally posts a loss in its fiscal first quarter,
since the bulk of its revenue is made during the winter ski
Sales were mostly flat from last year at $116.4 million.
On average, Wall Street analysts expected a smaller loss of
$1.58 per share, on slightly higher revenue of $116.7 million.
Looking ahead, Vail noted it may not be able to reach its prior
estimate for 27% to 32% growth in adjusted profit at its Resort
unit for fiscal 2013. The company plans to readdress its guidance
in mid-January 2013.
Vail shares fell $3.60, or -6.5%, in premarket trading Tuesday.
The stock has gained around 30% year-to-date.
The Bottom Line
Shares of Vail Resorts (
) have a 1.34% dividend yield, based on last night's closing stock
price of $55.84. The stock has technical support in the $50-$51
price area. If the shares can firm up, we see overhead resistance
around the $59-$60 price levels.
Vail Resorts, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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