Vail Resorts, Inc. (MTN) reported net income for the second quarter of $60.5 million or $1.65 per share, compared to $46.4 million or $1.27 per share for the year-ago quarter.
Total net revenue for the second quarter rose to $422.45 million from $373.33 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $1.70 per share on revenue of $414.13 million for the second quarter.
The company also said its Board of Directors has authorized a 10% increase in the quarterly cash dividend to $0.2075 per share from $0.1875 per share beginning with the dividend payable on April 9, 2013.
The company also announced its calendar year 2013 capital plan at a range of $130 million to $140 million.
Based on its year-to-date performance, the company reiterated the fiscal year 2013 guidance issued on January 15, 2013, which calls for net income of $39 million to $49 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.