Vail Resorts Inc. (NYSE:MTN) reported third quarter earnings before market open today, that beat street view.
On a GAAP basis, MTN reported net income of $ 256.25 million or $ 6.17 per share, compared with income of $ 181.11 million or $ 4.40 per share, a year ago period.
Headquartered in Broomfield, Colorado, MTN recorded total revenue that rose 6% to $ 844.49 million from $ 794.63 million in the same quarter last year.
Analysts polled by Thomson Reuters expected Vail Resorts Inc. to reveal income of $ 6.12 per share on revenue of $ 827.24 million for the third quarter.
Rob Katz, CEO, said, We are pleased with our performance in the quarter and for the full 2017/2018 North American ski season, particularly given the challenging weather conditions across the western U.S. for much of the season. Our performance demonstrates the resiliency of our business model, the stability provided by our geographically diverse resort network and the importance of increased advanced purchase products, including our season passes.