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.

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