VAIL RESORTS INC (MTN) released earnings for its third quarter that increased from the same period last year but missed the Street estimates.
The company's earnings totaled $362.0 million, or $9.54 per share. This compares with $325.0 million, or $8.18 per share, in last year's third quarter.
Analysts on average had expected the company to earn $9.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.2% to $1.28 billion from $1.24 billion last year.
VAIL RESORTS INC earnings at a glance (GAAP) :
-Earnings (Q3): $362.0 Mln. vs. $325.0 Mln. last year.
-EPS (Q3): $9.54 vs. $8.18 last year.
-Revenue (Q3): $1.28 Bln vs. $1.24 Bln last year.
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