Vail Resorts Q4 Revenue Slips, Net Loss Deepens
Vail Resorts' Q4 results tripped like a skier failing to properly negotiate a mogul. For the quarter, revenue came in at $112.3 million, down from the $113.5 million in the same period the previous year. Meanwhile, attributable net loss deepened to $59.9 million ($1.67 per diluted share) from Q4 2012's shortfall of $53.8 million ($1.50).
Analysts had been expecting higher revenue -- $118 million -- but a more severe per-share loss of $1.71.
For the full year, top line was $1.1 billion, slightly higher than the 2012 figure of $1.0 billion. Attributable bottom line, however, was significantly higher at $37.7 million ($1.03 per diluted share) in profit for the year, against 2012's $16.5 million ($0.45).
Vail Resorts also provided selected forward guidance. For fiscal 2014, EBITDA is expected to be $266 million to $287 million, with attributable net coming in at $36.9 million to $54.8 million.
The article Vail Resorts Q4 Revenue Slips, Net Loss Deepens originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Vail Resorts. The Motley Fool recommends Vail Resorts. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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