Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Vail Resorts posts 1Q loss, backs off outlook
Tuesday - 12/4/2012, 10:11am EST
BROOMFIELD, Colo. (AP) - Ski resort operator Vail Resorts said Tuesday its fiscal first-quarter loss increased and warned it may not hit its expected earnings target this year.
The Broomfield, Colo., company posted a loss of $60.6 million, or $1.70 per share in the quarter that ended Oct. 31, compared with a loss of $55.7 million, or $1.54 per share, a year earlier.
Revenue was virtually flat at $116.4 million.
Analysts, on average, expected a loss of $1.58 per share on revenue of $116.7 million.
Vail said improvements in its mountain and lodging operations weren't enough to offset higher expenses and lower retail sales in the early part of the ski season.
Looking across the entire 2013 fiscal year, which ends in July, Vail Resorts said it's going to be more difficult to achieve its projected growth target of 27 to 32 percent growth in earnings before taxes, debt and other items, which was released in September. The company plans to reassess its outlook in mid-January.
Vail Resorts Inc. shares sank $5.04, or 9 percent, to $50.80 in morning trading. The stock has changed hands between $37.54 and $59.49 in the past 52 weeks, closing Monday up about 32 percent since the start of the year.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)