Vail Resorts Inc. (MTN) on Monday reported a loss of $70.1 million in its fiscal fourth quarter.
The Broomfield, Colorado-based company said it had a loss of $1.92 per share. Losses, adjusted to extinguish debt and for non-recurring costs, were $1.69 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.96 per share.
The ski resort operator posted revenue of $162.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $141.8 million.
For the year, the company reported profit of $114.8 million, or $3.07 per share. Revenue was reported as $1.4 billion.
Vail Resorts shares have increased 18 percent since the beginning of the year. The stock has increased 25 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.