Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- Understanding the Intersection of Customer Service and Security in the Cloud
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 This material may not be published, broadcast, rewritten or redistributed.)